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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.
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.

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