2022 PointsBet Invitational

Fanatics Sportsbook Launches in West Virginia

Retrieved on: 
Thursday, November 16, 2023
Parlay, Android, Responsible gambling, 2022 PointsBet Invitational, Sportsbook, SGP, Discover, Partnership, Currency, Dollar for Dollar, IOS, Fanaticism, Sport, News

Sports fans living in and visiting West Virginia will be able to download the Fanatics Sportsbook on iOS and Android and begin their Fanatics experience.

Key Points: 
  • Sports fans living in and visiting West Virginia will be able to download the Fanatics Sportsbook on iOS and Android and begin their Fanatics experience.
  • As part of the launch in West Virginia, Fanatics Betting and Gaming will pilot its new online casino, embedded in the Fanatics Sportsbook app.
  • In West Virginia only, each customer’s username, password, account balance, rewards points and responsible gaming settings will be automatically migrated to the Fanatics Sportsbook.
  • To download images and videos of the Fanatics Sportsbook, visit the Fanatics Media Center and for more news and information, follow us on the Fanatics Sportsbook social channels on X @FanaticsBook_PB and on Instagram @FanaticsBook_PB .

Global Growth Continues to Surge for Hooters, Announces Recent Mexico Development

Retrieved on: 
Tuesday, November 28, 2023
Restaurant, 2022 PointsBet Invitational, Food, Nation's Giant Hamburgers, Hooters, HOA, DraftKings, Sport, Franchise Times, Overalls, Environment, Retail, Video game

ATLANTA, Nov. 28, 2023 /PRNewswire/ -- Hooters®, the original American wing joint, expands its global presence as international development continues to surge. The legacy brand and industry leader recently opened four locations across Mexico, and just opened its newest location in Queretaro Antea this month. The iconic brand has made international growth a centerpiece of its overall growth strategy, with prime territories available overseas and in the United States.

Key Points: 
  • The iconic brand has made international growth a centerpiece of its overall growth strategy , with prime territories available overseas and in the United States.
  • Spearheading Hooters massive growth across Mexico is multi-unit franchisee, Hooters de Mexico led by Paolo Pagnozzi.
  • "Hooters is well positioned in the international sector due to its global brand recognition and proven business model," said Pagnozzi.
  • With 18% of the Hooters brand being international, global growth will remain a fundamental piece of the overall franchise development strategy.

Hooters® Marks 40th Anniversary Month with New Corporate Store Opening in East El Paso

Retrieved on: 
Tuesday, October 17, 2023
Food, Investment, Restaurant, Hooters, HOA, DraftKings, Nation's Giant Hamburgers, 2022 PointsBet Invitational, Lone Star, Skin, Franchise Times, Retail

ATLANTA, Oct. 17, 2023 /PRNewswire/ -- Hooters®, the original American wing joint, celebrates its 40th anniversary month with the opening of its newest corporate location in East El Paso. Conveniently located at 1799 Joe Battle Boulevard, this newly renovated 7,000 sq. ft.-plus conversion store marks the 52nd Hooters restaurant in the Lone Star state and second in El Paso.

Key Points: 
  • Iconic Full-Service Restaurant Brand Prioritizes U.S. Development Amid Milestone Year
    ATLANTA, Oct. 17, 2023 /PRNewswire/ -- Hooters ®, the original American wing joint, celebrates its 40th anniversary month with the opening of its newest corporate location in East El Paso.
  • ft.-plus conversion store marks the 52nd Hooters restaurant in the Lone Star state and second in El Paso.
  • Company leadership is honing in on U.S. development via company-owned locations and franchisee growth with prime territories available across the country .
  • Hooters next corporate owned location, underway in Corpus Chrisi, TX, will be opening in early 2024.

Moelis & Company is the 2023 American Gambling Awards Dealmaker of the Year

Retrieved on: 
Thursday, September 28, 2023
Sports, Entertainment, Professional Services, Internet, General Sports, Technology, Asset Management, General Entertainment, Marketing, Communications, Electronic Games, Finance, Casino, Gaming, GAMB, Mecum Dealmakers, Sport, Gambling, 2022 PointsBet Invitational, FBG, Acquisition

Moelis acted as financial advisor to PointsBet for the completed acquisition of PointsBet’s U.S. business by Fanatics subsidiary Fanatics Betting & Gaming (FBG) for $225 million in June 2023. The deal helped facilitate Fanatics’ long-awaited entrance into the online sports betting sector -- giving FBG access to PointsBet’s portfolio of U.S. gaming licenses and full suite of proprietary technology to help it scale rapidly – while providing PointsBet shareholders with significant capital return and the most attractive risk-adjusted value outcome for its U.S. business. Judges noted the deal represents a landmark transaction that will further shape the American online gaming landscape.

Key Points: 
  • The American Gambling Awards is pleased to announce Moelis & Company LLC (“Moelis”) is the 2023 “Dealmaker of the Year.” The American Gambling Awards are produced by Gambling.com Group Limited (Nasdaq: GAMB) (“Gambling.com Group” or the “Group”), a leading provider of player acquisition services for the regulated global online gambling industry.
  • Moelis acted as financial advisor to PointsBet for the completed acquisition of PointsBet’s U.S. business by Fanatics subsidiary Fanatics Betting & Gaming (FBG) for $225 million in June 2023.
  • Judges noted the deal represents a landmark transaction that will further shape the American online gaming landscape.
  • Moelis has intimate knowledge of the global gaming industry and a proven track record in complex, cross-border transactions.”
    For more information about the American Gambling Awards, including a full list of winners, please visit the awards website: www.gambling.com/us/awards .

GMA Consulting Bolsters Practice via Appointment of Two New Associate Partners, Dan Hartman & Pat Eichner

Retrieved on: 
Wednesday, September 6, 2023
Hospitality, Racing, State, FIDE titles, New York Jets, Communes of Burundi, Partner, State Government Affairs Council, Eichner, Lead, 2022 PointsBet Invitational, National Football League in Toronto, Parable of those who associate partners with God, Colorado Division of Insurance, AFL, Medical cannabis, DKC, Cleveland Browns, Growth, Knowledge, GMA, Hunting, Sport, New York Giants

LAS VEGAS, Sept. 6, 2023 /PRNewswire/ -- GMA Consulting ("GMA") is proud to announce the appointment of two new Associate Partners: Dan Hartman, Colorado's senior-most gaming regulator and executive for the last 31 years, and Pat Eichner, a burgeoning communications leader who most recently helped launch PointsBet in both the United States and Canada.  Hartman will be responsible for developing GMA's Regulatory & Government Affairs business unit while also contributing his talents to other specializations within the firm.  Eichner will oversee communications efforts to highlight GMA Consulting's current client portfolio and will help the company develop its Strategic Communications vertical.  

Key Points: 
  • Hartman will be responsible for developing GMA's Regulatory & Government Affairs business unit while also contributing his talents to other specializations within the firm.
  • Eichner will oversee communications efforts to highlight GMA Consulting's current client portfolio and will help the company develop its Strategic Communications vertical.
  • "To be able to use that knowledge and lead GMA Consulting into the Strategic Communications field is an incredibly exciting leap.
  • Please reach out to GMA Consulting at [email protected] for more information or to schedule a call with Dan, Pat, or any of the firm's Founding Partners.

Fanatics Betting and Gaming Closes First Wave of States in its Acquisition of the US Businesses of PointsBet

Retrieved on: 
Thursday, August 31, 2023
Human, Fanaticism, Marketing, Risk management, 2022 PointsBet Invitational, Android, Sale, IOS, IGaming Business, Acquisition, ADW, NBA, Sport, Growth, Banach

NEW YORK, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Today, Fanatics Betting and Gaming, a subsidiary of Fanatics Holdings Inc., closed on the first eight states in its previously announced acquisition of the U.S. businesses of PointsBet USA. The acquisition transforms Fanatics Betting and Gaming into a premier online gaming operator with proven products in sports betting and iCasino.

Key Points: 
  • The acquisition transforms Fanatics Betting and Gaming into a premier online gaming operator with proven products in sports betting and iCasino.
  • As each state closes and officially becomes part of Fanatics Betting and Gaming, customers in such state will see PointsBet rebranded to “PointsBet, a Fanatics Experience,” with additional state closings to continue throughout the year.
  • “We are excited about what we are building at Fanatics Betting and Gaming and this acquisition accelerates our plans,” said Matt King, CEO of Fanatics Betting and Gaming.
  • Fanatics Betting and Gaming operates in 11 states for legal sports betting, four states for online gaming and 42 states for horse racing (ADW).

Fanatics Debuts The Most Rewarding Sportsbook

Retrieved on: 
Wednesday, August 16, 2023
Parlay, Basketball, Baseball, Tennis, Fanaticism, SGP, Boxing, Hockey, 2022 PointsBet Invitational, Android, Golf, Dollar for Dollar, IOS, Athlete, Currency, Acquisition, Sport, SGPS, News, MMA, Online shopping, Discover

Fanatics Sportsbook features everything from moneyline bets, to spread bets, over-unders, player props, live in-game betting markets, and the always popular Same Game Parlays (SGPs).

Key Points: 
  • Fanatics Sportsbook features everything from moneyline bets, to spread bets, over-unders, player props, live in-game betting markets, and the always popular Same Game Parlays (SGPs).
  • “After 6 months of beta testing, we are excited to officially launch the Fanatics Sportsbook product to the public,” said Scot McClintic, Chief Product Officer, Fanatics Betting and Gaming.
  • With the Fanatics Sportsbook product foundation built and wholly owned, customers should expect unparalleled speed of feature improvement, delivery, and innovation.”
    Fanatics Betting and Gaming is poised to disrupt the sports betting industry by offering the following exciting new features:
    Building a better sportsbook: The Fanatics Sportsbook app was built natively on iOS and Android .
  • To download images and videos of the Fanatics Sportsbook, visit the Fanatics Media Center and for more news and information, follow us on the Fanatics Sportsbook social channels on X @fanaticsbook and on Instagram @fanaticssportsbook .

Australia has a strong hand to tackle gambling harm. Will it go all in or fold?

Retrieved on: 
Friday, June 30, 2023
Advertising, Industry, The Australia Institute, Opposition, 2022 PointsBet Invitational, Policy, Tobacco industry, Importance, Ambulance, Public policy, Research, Government, Committee, Map, NSW, Gambling, Isle, Health, Smoking, Radio, Social media, Betfair, Sportsbet, Unibet

If implemented, the recommendations will advance gambling regulation by several orders of magnitude.

Key Points: 
  • If implemented, the recommendations will advance gambling regulation by several orders of magnitude.
  • Many countries are grappling with regulating unlicensed online gambling operators registered in places like Curaçao and the Isle of Man.
  • Read more:
    Place your bets: will banning illegal offshore sites really help kick our gambling habit?

Phasing out advertising

    • The first would ban all social media and online advertising.
    • In the second phase, broadcast advertising for an hour either side of sporting broadcasts would be banned (as Opposition Leader Peter Dutton has argued for).
    • The third stage would prohibit all broadcast advertising for gambling between 6am and 10pm.

Important precedents

    • The recommendations would set important precedents that can be readily applied to other forms of gambling.
    • These include the principle of establishing a public health-oriented harm prevention policy, a national regulatory system, and enhancing consumer protections to potentially include a universal pre-commitment system.

Industry will resist

    • The online gambling industry will do all it can to thwart these initiatives, along with broadcasters and some sports businesses.
    • The report acknowledges wagering service providers have “successfully framed the issue of gambling harm around personal responsibility while diminishing industry and government responsibility”.
    • There is too much potential for the gambling industry to be involved in the development of gambling regulation and policy in Australia.
    • There is too much potential for the gambling industry to be involved in the development of gambling regulation and policy in Australia.

DraftKings No Longer Pursuing Acquisition of PointsBet’s U.S. Business

Retrieved on: 
Wednesday, June 28, 2023
DKNG, 2022 PointsBet Invitational, Acquisition, Tobacco, Cryptocurrency

BOSTON, June 28, 2023 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) today announced that the company is no longer pursuing the acquisition of the U.S. business of PointsBet Holdings Ltd. (“PointsBet”). The company thanks PointsBet for their time and access over recent weeks.

Key Points: 

BOSTON, June 28, 2023 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) today announced that the company is no longer pursuing the acquisition of the U.S. business of PointsBet Holdings Ltd. (“PointsBet”). The company thanks PointsBet for their time and access over recent weeks.

DraftKings Submits Superior Proposal to Acquire PointsBet’s U.S. Business

Retrieved on: 
Friday, June 16, 2023
DKNG, Rationalization, Non-executive director, Feed additive, Fanaticism, DraftKings, 2022 Uruguayan Law of Urgent Consideration referendum, BofA Securities, 2022 PointsBet Invitational, Superior (proposed U.S. state), Negotiation, USD, Sale, Oliver Cromwell, IGaming Business, Documentation, Acquisition, Jason Park, Transaction, Superior, Sullivan & Cromwell, Adjustment, Letter, Internal, Cryptocurrency, Management, Security (finance), Commercial property, Sales

DraftKings’ proposal represents a 30% premium to PointsBet’s existing agreement to sell its U.S. business and is subject to the conditions described in the letter.

Key Points: 
  • DraftKings’ proposal represents a 30% premium to PointsBet’s existing agreement to sell its U.S. business and is subject to the conditions described in the letter.
  • Purchase Price and Consideration: We are offering to acquire the US Business for USD $195 million in cash, on a debt-free and cash-free basis.
  • Our Indicative Offer represents a 30% premium to Fanatics’ proposal of USD $150 million under the Existing Agreement.
  • DraftKings is uniquely positioned to submit this Superior Proposal due to the substantial synergies that we expect to be able to capture by combining your US Business with our scaled position in the United States.