FanDuel expands outside US with Caribbean and South America betting agreement
Operator’s sportsbook will be available via retail and online in a number of Caribbean and South American markets
FanDuel has secured an agreement with video lottery and games terminal provider CAGE Companies to provide its sportsbook platform across the Caribbean and South America.
As part of the deal, FanDuel’s online and retail offerings will be launched in a number of jurisdictions as of H1 2021. Bermuda and Barbados will be the first to go live.
Robert Washington, chairman and CEO of the CAGE Companies, said: “We see sports betting and mobile gaming as a key driver of growth for 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,” he added.
“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,” FanDuel Group CEO Matt King said.
“Bob and the team at CAGE were the perfect partner to expand our industry-leading footprint internationally,” King added.
The deal marks FanDuel’s first foray outside the US.
CAGE Companies is owned by US-based business network The RLJ Companies which holds interest in a publicly traded hotel real estate investment trust as well as sports betting content streaming businesses.