logo-loader
viewFlutter Entertainment PLC

Paddy Power Betfair’s FanDuel teams up with Boyd Gaming

It sees FanDuel expanding its market access in the United States, taking its access up to 15 states.

Basketball
Boyd will take a 4% stake in FanDuel

Paddy Power Betfair plc’s (LON:PPB) fantasy betting unit has made an agreement with Boyd Gaming for a co-operation in the United States.

It said that FanDuel will gain market access for sports book and online gaming products in several states, meanwhile, it will provide Boyd with technology and related services to operate Boyd Gaming-branded mobile and online sports betting services.

READ: Paddy Power Betfair agrees deal to merge its US operations with FanDuel

Boyd will take a 4% stake in FanDuel, with an option to acquire another 1%.

The deal will cover the states in which Boyd holds gaming licences, excluding Nevada, and any states where Boyd gains market access in the future.

“This agreement, along with FanDuel's existing market access deals in New Jersey, New York and West Virginia, means it will potentially have access to 15 states nationwide,” the company said in a statement.

Quick facts: Flutter Entertainment PLC

Price: 8642 GBX

LSE:FLTR
Market: LSE
Market Cap: £6.76 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Strategic Minerals completes feasibility study for first stage of...

Strategic Minerals PLC's (LON:SML) John Peters updates on their operations at Leigh Creek, including the  results from a completed feasibility study on the first stage development at Paltridge North. Peters tells Proactive London's Andrew Scott that full scale production will start with...

12 minutes ago

RNS

Holding(s) in Company

1 day, 14 hours ago

Holding(s) in Company

1 day, 14 hours ago

Holding(s) in Company

1 day, 14 hours ago

Holding(s) in Company

1 day, 15 hours ago

Holding(s) in Company

1 day, 15 hours ago

Holding(s) in Company

3 days, 16 hours ago

Director/PDMR Shareholding

6 days, 18 hours ago

Holding(s) in Company

1 week, 4 days ago

2 min read