News Corp (NASDAQ: NWSA) is nearing an important decision on FOX Bet — one that could determine the future of the online sportsbook.
Fox Corp. CEO Lachlan Murdoch at a conference in New York in 2018. His company may be faced with an imminent decision on the future of FOX Bet.
In August, Flutter Entertainment (OTCDYPY) can leave FOX Bet on the curb, forcing News Corp to take control of the gaming entity or let it go by the wayside. Dublin-based Flutter hasn’t publicly commented on its plans for Fox Bet. But the company owns 95% of FanDuel, the largest online sportsbook operator in the US, and has been openly critical of Fox Bet’s lack of US market share.
Fox Corp. (NASDAQ: FOXA) has fired back, alleging Flutter hasn’t committed the necessary resources to make Fox Bet a viable competitor in the US market. Today, the operator is live in just four states, and has less than 1% share, according to the Australian Financial Review.
Fox Corp. CEO Lachlan Murdoch at a conference in New York in 2018. His company may be faced with an imminent decision on the future of FOX Bet.
In August, Flutter Entertainment (OTCDYPY) can leave FOX Bet on the curb, forcing News Corp to take control of the gaming entity or let it go by the wayside. Dublin-based Flutter hasn’t publicly commented on its plans for Fox Bet. But the company owns 95% of FanDuel, the largest online sportsbook operator in the US, and has been openly critical of Fox Bet’s lack of US market share.
Fox Corp. (NASDAQ: FOXA) has fired back, alleging Flutter hasn’t committed the necessary resources to make Fox Bet a viable competitor in the US market. Today, the operator is live in just four states, and has less than 1% share, according to the Australian Financial Review.