FanDuel partners with CAGE Companies ahead of Caribbean, South American sports betting rollout
FanDuel Group has agreed to an exclusive sports betting partnership with the CAGE Companies in a deal that will expand the sports-tech entertainment company’s footprint to the Caribbean and South America by 2021.
The CAGE Companies and its subsidiary CAGE Sports BV are a RLJ Companies Majority Owned Company.
Robert L. Johnson, Founder of The RLJ Companies and Majority Owner of the CAGE Companies, said, “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.”
The partnership will allow FanDuel to operate its sportsbook in jurisdictions where CAGE is licensed or seeking licensing. FanDuel and CAGE will operate over the counter retail sportsbooks and online in licensed markets.
FanDuel and CAGE said they expect the “network to be activated in the first half of 2021 initially in Bermuda and Barbados with the long-term goal of growing to several dozen additional locations across the region.”
“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.”
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