Fanatics is in talks to acquire BetParx sportsbook
Publishing timestamp: 2023-01-20 11:07:35
Summary
Fanatics, a sports merchandising company with a valuation of $31 billion, is in discussions to acquire BetParx sportsbook. The deal has not been reached yet, and the discussions may not result in an agreement. Fanatics has been exploring acquisitions of sportsbooks as it moves further into the sports betting business.
Sentiment: NEUTRAL
Tickers: FLTR-GB, MGM, ENT-GB, CZR, DKNG,
Keywords: business news, caesars entertainment inc, sports, business, media, mgm resorts international, gambling, entain plc, flutter entertainment plc, draftkings inc,
Source: https://www.cnbc.com/2023/01/20/fanatics-in-talks-to-acquire-betparx-sportsbook.html