Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

FuboTV Gains on Getting Mobile Event Wagering License in Arizona

Published 03/09/2021, 14:28
Updated 03/09/2021, 14:28
© Reuters.

© Reuters.

By Dhirendra Tripathi

Investing.com – Fubotv stock (NYSE:FUBO) rose more than 3% in Friday’s premarket session as its subsidiary, Fubo Gaming, secured a license in Arizona to offer mobile event wagering within the state.

The company said it has signed a market access agreement with the Ak-Chin Indian Community for its Arizona foray.

This is the second state license for the company, after Iowa’s. The license comes ahead of the company’s launch of its mobile sportsbook, Fubo Sportsbook, in the fourth quarter.

Fubo Sportsbook will allow fans to make bets while they watch their sports.

Fubo Gaming has also entered into market access agreements in Pennsylvania through The Cordish Companies as well as Indiana and New Jersey through Caesars (NASDAQ:CZR) Entertainment.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.