- FanDuel’s partnership with The Cage Companies will allow FanDuel to offer sports betting at CAGE gambling terminals where CAGE is licensed and sports betting is legal.
- FanDuel will be accessible to 24% of the US population in 2021 after they launch in Virginia and Michigan.
- The first countries that will be activated through this deal will be Bermuda and Barbados.
NEW YORK – In a monumental international deal, FanDuel has entered a partnership with The Cage Companies and its subsidiary CAGE Sports BV.
As part of the deal, FanDuel will have access to offer sports betting at CAGE Company betting terminals and online in the Caribbean and Latin American countries CAGE is licensed in and where sports betting is legal.
“We are proud to partner with a visionary business leader and entrepreneur in Bob Johnson and look forward to building a long-term collaboration together,” said Matt King, FanDuel Group CEO. “Bob and the team at CAGE were the perfect partner to expand our industry leading footprint internationally.”
The agreement currently only includes the countries of Bermuda and Barbados. However, the partnership will expand as CAGE expands into more Caribbean and Latin American gambling markets.
Some of the biggest potential legal sports betting markets in each area for FanDuel include Puerto Rico and Brazil. Both areas are still in the regulatory phase of their sports betting market but both are promising endeavors for the New York-based sports betting and fantasy sports operator.
“We are excited about implementing a sports betting business with FanDuel and believe that it will provide our customers with an engaging betting experience only our two companies can deliver.” said Robert L. Johnson, Founder of The RLJ Companies and Majority Owner of the CAGE Companies. “This agreement will also provide new jobs and significant recurring revenue for the governments we serve.”
Both companies are confident in that it will not only be a success for them, but it will also be a success for the local companies that will be impacted by the deal.
“We see sports betting and mobile gaming as a key driver of growth for the CAGE Companies,” said Robert B. Washington, Co-Founder, Chairman & CEO of the CAGE Companies. “This dynamic agreement creates tremendous value, brand recognition and delivers world class products for the enjoyment of our customers and the financial benefit of the many small businesses that serve as our commission retailers.”
The integration of products is expected to launch in the first half of 2021.
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News tags: Barbados | Bermuda | Brazil | CAGE Sports BV | Caribbean | FanDuel | Puerto Rico | South America | The CAGE Companies
– In his career, Hasan has worked both local and state government positions—including the Attorney General’s Office in Florida. On top of being familiar with the legislative process, he has also been researching and writing on the legality of sports betting across the US. Outside of work you’ll most likely find him producing or playing music, playing sports, or working on creative writing projects. You’ll also catch him at Doak Campbell Stadium cheering on the Noles.
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