The FanDuel Group announces new strategic business deal with CAGE Companies
The partnership will aim to launch online and retail sportsbooks in South America and the Caribbean. The deal will incorporate CAGE`s experience with the South American region along with FanDuel`s premier brand and industry-leading sports betting platform.
The Majority owner of CAGE Companies, Mr Robert L. Johnson, outlined during a press release that the organisation is extremely content with the business partnership and that they are looking forward to implementing sports betting business solutions with FanDuel.
The company aims to provide customers with an enhanced and varied betting experience through a combined effort. He added that such an agreement will also create new jobs along with a significant and constant source of revenue for the areas they operate in.
Furthermore, the FanDuel Group and The CAGE Companies will focus on the operation of over the counter sportsbooks at retail locations along with a prime focus on online markets throughout the South American and Caribbean regions.
Both companies are expecting the network to become active during the first half of 2021, with an initial roll-out in Bermuda and Barbados. They aim to grow into several other jurisdictions across the regions throughout their partnership.
Matt King (pictured), CEO of FanDuel Group, explained that the organisation is delighted to form a partnership with business leader and entrepreneur - Bob Johnson. Whilst also looking forward to working hand in hand with such an experienced team. He continued to add that he also aims to help build a long term collaboration whilst emphasising that CAGE is the perfect partner to expand FanDuel`s industry leading footprint internationally.
Robert B. Washington, Co-Founder, Chairman & CEO of The CAGE Companies, who spearheaded the business partnership, stressed the importance of sports betting and mobile gaming as a key driver of growth for the CAGE Companies.
He further added that this specific agreement has created additional value and enhanced its brand awareness whilst at the same time being in a position to offer top class products to its customers.
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