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Fubo Gaming Now Holds Market Access Deals in Five States
NEW YORK, August 30, 2021--(BUSINESS WIRE)--Fubo Gaming, a subsidiary of leading sports-first live TV streaming platform fuboTV Inc. (NYSE: FUBO), announced it has secured a market access agreement in Arizona for its forthcoming Fubo Sportsbook mobile app via the Ak-Chin Indian Community. The Ak-Chin Indian Community was awarded a special license to provide online sports betting via a mobile app, accessible within the state of Arizona, on Friday, August 27.
The agreement marks Fubo Gaming’s fifth market access agreement following Pennsylvania (via The Cordish Companies), New Jersey and Indiana (via Caesars Entertainment) and Iowa (via Casino Queen). Fubo Sportsbook remains on track to launch in the fourth quarter, subject to requisite regulatory approvals in each jurisdiction.
"We are thrilled to partner with Ak-Chin for a market access agreement in Arizona," said Scott Butera, president, Fubo Gaming. "Our comprehensive sports entertainment experience is envisioned to combine real-money wagering with fuboTV's live sports offering for a seamless user experience enabling consumers to wager while they watch. Arizonans are passionate professional and collegiate sports fans who we believe will enjoy the market defining Fubo Sportsbook."
As sports fans crave more interaction and engagement between their viewing and betting experiences, Fubo Sportsbook aims to encapsulate the two through a differentiated and industry-first integration of streaming and sports wagering. Through Fubo Sportsbook, fuboTV intends to integrate real money wagering with its expansive live sports offering, creating an interactive omniscreen entertainment ecosystem in which the wagering app automatically syncs with users’ interests and viewing. Fubo Sportsbook intends to combine data from both the betting and streaming platforms, leveraging fuboTV’s first-party user behavior data to understand consumers’ viewing preferences and recommend relevant bets, turning passive viewers into active, engaged participants.
"This agreement marks another monumental step in our journey to bringing Fubo Sportsbook to consumers, expanding our sportsbook’s reach to at least five states," said David Gandler, co-founder and CEO, fuboTV. "We’re committed to meeting sports fans where they are and delivering what they truly want — a more personalized, interactive sports entertainment experience, all within the fuboTV ecosystem."
"This is a tremendously exciting day for the entire Ak-Chin Indian Community," said Ak-Chin Chairman Robert Miguel. "With this sports betting license and our strategic partnership with Fubo Sports, we know we’ll be able to offer our customers the kind of premier entertainment experience they’ve come to expect from Ak-Chin, whether they visit our sportsbook in-person or online."
About Fubo Gaming
Fubo Gaming Inc., is a Chicago-based subsidiary of live TV streaming platform fuboTV Inc. (NYSE: FUBO) that is dedicated to delivering a unique, hyper-personalized sports entertainment and wagering experience. Launched in 2021, Fubo Gaming brings together fuboTV’s leading sports-first live TV streaming platform with the soon-to-be-launched Fubo Sportsbook to create an omniscreen ecosystem in which wagering information automatically syncs with users’ interests and real-time viewing. Fubo Sportsbook is expected to launch in Q4 2021, subject to obtaining requisite regulatory approvals. It currently has market access agreements for Arizona via Ak-Chin Indian Community, Pennsylvania via The Cordish Companies, Iowa via Casino Queen, as well as Indiana and New Jersey via Caesars Entertainment Inc. For more information, visit fubosportsbook.com.
About Ak-Chin Indian Community
The Ak-Chin Indian Community, located in northwestern Pinal County, was established by presidential decree in 1912. There are approximately 1,100 Tribal members in the Community, primarily comprised of Akimel O'odham, Tohono O'odham and Hia-Ced O'odham members. Our Native American language is O’odham. Ak-Chin remains agrarian-focused and features Ak-Chin Farms, where barley, potatoes, alfalfa and corn are cultivated across 15,000 acres. The Ak-Chin Community has grown to offer multiple other amenities, as well, including: Harrah’s Ak-Chin Casino & Resort, Ak-Chin Southern Dunes Golf Club, Ak-Chin Circle Entertainment Center, and more. Information: ak-chin.nsn.us.
This press release contains forward-looking statements of fuboTV Inc. ("fuboTV") that involve substantial risks and uncertainties. All statements contained in this press release that do not relate to matters of historical fact are forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995, including statements regarding our market opportunity, business strategy and plans, the continued shift in consumer behavior and the expected launch of Fubo Sportsbook. The words "could," "will," "plan," "intend," "anticipate," "approximate," "expect," "potential," or the negative of these terms or other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements that fuboTV makes due to a number of important factors, including but not limited to risks related to our pursuit and engagement in acquisitions; our actual operating results may differ significantly from our guidance; risks related to the Company’s access to capital and fundraising prospects to fund its ongoing operations and support its planned growth; the restrictions imposed by content providers on our distribution and marketing of our products and services; our reliance on third party platforms to operate certain aspects of our business; risks related to our technology, as well as cybersecurity and data privacy-related risks; our ability to achieve or maintain profitability; our revenue and gross profit are subject to seasonality; our operating results may fluctuate; our ability to attract and retain subscribers; we may not be able to license streaming content or other rights on acceptable terms; risks related to our ability to capitalize develop and market a sports wagering offering and the regulatory regime and related risks associated with such offering; risks related to the difficulty in measuring key metrics related to our business; risks related to the highly competitive nature of our industry; risks related to ongoing or future legal proceedings; and other risks, including the effects of industry, market, economic, political or regulatory conditions, future exchange and interest rates, and changes in tax and other laws, regulations, rates and policies, including the impact of COVID-19 on the broader market. Further risks that could cause actual results to differ materially from those matters expressed in or implied by such forward-looking statements are discussed in our Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2021 filed with the Securities and Exchange Commission ("SEC") on August 11, 2021 and our other periodic filings with the SEC. We encourage you to read such risks in detail. The forward-looking statements in this press release represent fuboTV’s views as of the date of this press release. fuboTV anticipates that subsequent events and developments will cause its views to change. However, while it may elect to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to do so. You should, therefore, not rely on these forward-looking statements as representing fuboTV’s views as of any date subsequent to the date of this press release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210830005145/en/
Alison Sternberg, fuboTV
The Blueshirt Group for fuboTV
Deliah Mathieu, Fubo Gaming
Lexi Panepinto, Fubo Gaming