sports betting firm

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sports betting firm

โพสต์โดย WonFloarge » พุธ 14 ก.ค. 2021 7:30 pm



п»їFuboTV Jumps on Plan to Buy Sports-Betting Firm Vigtory.
Jan 12, 2021 11:25 AM EST.
Shares of fuboTV ( FUBO ) - Get Report jumped Tuesday after the sports-first live-television-streaming platform said it agreed to acquired sports-betting company Vigtory with plans to launch a sportsbook this year.
Terms weren't disclosed. FuboTV expects to close the deal in the first quarter, subject to conditions it didn't specify.
At last check fuboTV shares were 15% higher at $31.21.
"We believe online sports wagering is a highly complementary business to our sports-first live-TV-streaming platform," David Gandler, fuboTV's co-founder and CEO, said in a statement.
"We don’t see wagering as simply an add-on product to fuboTV. Instead, we believe there is a real flywheel opportunity with streaming video content and interactivity."
FuboTV says it plans to leverage Vigtory's sportsbook platform and digital gaming assets to develop a "frictionless betting experience for fubo's customers."
Vigtory, founded in 2019 by Sam Rattner and backed by the Conshohocken, Pa., venture-capital firm SeventySix Capital, has been in discussions for market access agreements in the eastern U.S. Vigtory currently has a deal for a sportsbook in Iowa through Casino Queen.
Under the agreement, both Rattner and co-CEO Scott Butera will join fuboTV's gaming division as president and chief operating officer, respectively.
FuboTV plans to launch a free-to-play gaming experience this summer through its December 2020 acquisition of Balto Sports and its content automation software.
Free-to-play gaming will be available to all customers, not just fuboTV subscribers. And the service will enable consumers to see current betting lines, place wagers and cash in their winnings, among other features.
The free-to-play gaming "will build further scale to fuboTV, essentially acting as another lead generator for driving subscribers to our streaming video platform and, ultimately, our sportsbook," fuboTV's Gandler said.

Online Gaming & Sports Betting.
At the intersection of interactive gaming and government regulation, one law firm stands out.
Ifrah Law has represented Online Gaming clients since the inception of the industry, and now represents many of the largest iGaming companies and industry associations around the world. We have been at the center of most of the important prosecutions and lawsuits in the Online Gaming industry, plus we were instrumental in the creation of the legislative and regulatory frameworks in three states which currently permit online gaming: Delaware, New Jersey and Nevada.
Nationally ranked by Chambers USA in Gaming & Licensing Law, Jeff Ifrah and his firm bring decades of experience in betting and wagering law to advise startups in the eSports space, including both real money and skill-based p2p competition sites, on compliance with both state and federal law. Our clients in the sports betting arena include FanDuel, FoxBet, Bet365, Playtech, Unikrn, WorldPay/FIS Global, Genius, and SportRadar. Jeff and his team have also gained a strong reputation in other innovative internet-based industries such as payment processing and money transmission.
The firm is a founding member of iDEA (iDevelopment and Economic Association), an association which seeks to grow jobs and expand online interactive entertainment business in the United States through advocacy and education. Its members include, Golden Nugget, 888, PaddyPowerBetfair, GVC, and Scientific Games, among others. On behalf of iDEA, Ifrah Law submitted an amicus brief to the Supreme Court in the seminal sports betting case Murphy v. NCAA , which was decided in favor of iDEA’s argument urging the rights of states to direct their own economies.
Two characteristics uniquely qualify Ifrah Law to represent iGaming companies:
Our substantial experience in both criminal defense and civil litigation. This is invaluable because even civil cases can expose iGaming companies to criminal prosecution. We are litigators who know the risks and how to avoid them. Our knowledge of the Online Gaming industry and the people who work in it. We are a firm of lawyers who share a passion for understanding our clients and their businesses. Through our representation of iGaming businesses since the industry’s beginnings, we have acquired an in-depth understanding which is key to our ability to craft solutions that meet our clients’ goals.
Jeff Ifrah and his team advise online casino operators, poker and fantasy sports sites, and payment processors on class action lawsuits, mergers and acquisitions, vendor and supplier issues, government investigations and criminal matters. We also serve as Special Internet Counsel for the Delaware State Lottery. The firm is known for representing clients in cases involving progressive areas of the gaming industry, such as sports betting, social gaming, skins betting, iGaming, online sweepstakes and lotteries, peer-to-peer betting and mobile gaming.

Betting and Gaming.
A Unique Offering.
The Gibson Dunn global betting and gaming practice is one of the most preeminent betting and gaming legal practices worldwide, representing the most prestigious and influential clients in the industry across Europe, Asia and the Americas.
We believe that the Gibson Dunn global betting and gaming practice provides our clients with a unique offering – no other global law firm can offer an award-winning regulatory and compliance capability alongside a market-leading transactional practice in the betting and gaming sector in the United Kingdom, the United States, Europe and the Asia-Pacific Region.
No other global law firm has achieved so much in the betting and gaming sector, including acting as lead attorneys for the State of New Jersey in action before the US Supreme Court that resulted in the repeal of the federal limits on sports betting in the U.S.
Leveraging our thorough understanding of the sector, we handle our clients’ most important and complex corporate, mergers and acquisitions, and real estate transactions, litigation and disputes work, regulatory and compliance matters and other legal challenges. Gibson Dunn lawyers are able to provide tier-one representation in all major betting and gaming markets, including the United States, the United Kingdom, the European Union and the Asia Pacific Region.
Gambling Compliance named Gibson Dunn “Best Regulatory Lawyer or Law Firm of the Year” at its 2018 Gambling Compliance Global Regulatory Awards, which recognize “individuals and teams who have excelled in the field of regulatory compliance and responsible gambling initiatives.”
Betting & Gaming Operators – Gibson Dunn has represented the leading industry operators in online and retail betting and gaming throughout the world, advising on the most significant mergers and acquisitions in the sector and also representing clients in relation to commercial joint ventures, real estate acquisitions and leasehold arrangements, technology outsourcing arrangements, and labor and employment matters. Gibson Dunn attorneys’ experience in the sector is unparalleled, providing clients with access to the latest in industry knowledge and strategic insight.
U.S. Sports Betting – Gibson Dunn served as the lead attorneys for the State of New Jersey in 2018 before the Supreme Court, securing the repeal of the federal limits on sports betting in the U.S. Gibson Dunn attorneys have also represented clients on the most significant transactions undertaken since the repeal of PASPA, including mergers and acquisitions, commercial partnerships and joint ventures, and technology sourcing arrangements.
Regulatory & Compliance – Gibson Dunn’s betting and gaming regulatory practitioners have advised clients on multi-jurisdictional betting and gaming regulatory filings and risk assessments in connection with significant merger and acquisition transactions, and in connection with organic operational expansions, and have in-depth working knowledge of the betting and gaming regulatory regimes of over seventy countries around the world. Gibson Dunn lawyers also have advised betting and gaming clients on a range of compliance issues relating to betting and gaming operations, including issues arising under the FCPA, the UK Bribery Act and other anti-corruption laws, and under antitrust/competition, consumer protection, VAT and gaming tax, anti-money-laundering and data privacy laws. The firm acts as special counsel to compliance committees, providing proactive advice and support. We have also represented betting and gaming clients in connection with governmental and regulatory inquiries, investigations and litigation in multiple jurisdictions.
Casinos & Resorts – Gibson Dunn has represented investors, lenders and operators in acquiring, financing, selling and developing some of the largest casinos, hotels and resort communities throughout the world, including the United States and Macau. Our litigation and labor attorneys have also represented numerous casino and resort clients in the sector in high-profile cases, including a significant success involving Indian casino gaming in New York.
Dispute Resolution – Gibson Dunn’s leading dispute resolution practice has represented clients in the betting and gaming sector on some of the most complex and industry-changing litigation and disputes in the sector, including representing industry bodies and associations in challenging regulation on constitutional and administrative grounds.

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