FuboTV Inc. (FUBO) is up 4.47% in the pre-market trading session at the price of $31.06 after the announcement of receiving a license from the Arizona Department of Gaming (ADG). FUBO Gaming Inc. is a Chicago-based subsidiary of the live TV streaming platform fuboTV Inc. It delivers a novel, hyper-personalized sports entertainment, and wagering experience.
FUBO Gaming Received License From the ADG
On 2nd September 2021, FUBO Gaming announced that it had been granted a Management Services Provider Certification from the Arizona Department of Gaming (ADG). The license is subject to additional regulatory approvals. It will allow Fubo Gaming to offer mobile event wagering within the state of Arizona through a market access agreement. It signifies another milestone toward the launch of its mobile sportsbook, Fubo Sportsbook. After its launch, sports bettors in the Grand Canyon state will enjoy new and innovative mobile sportsbooks. It will improve their wagering experience through the feature of Watching Now. It is an industry-first integration of sports wagering and live streaming with fuboTV.
President of FUBO Gaming, Scott Butera, remarked that the license award in Arizona is an important strategic step as they intend to bring their integrated Fubo Sportsbook to the enthusiastic sports fans of Arizona. He thanked their partners at the Ak-Chin Indian Community for supporting them achieve this milestone. After the expected launch of Fubo Sportsbook, they will look forward to presenting a seamless user experience. It will enable fans to wager while watching their favorite sports. Fubo Sportsbook will add another exciting layer to the sports entertainment experience, he added.
Approval From the Iowa Racing and Gaming Commission
On 31st August 2021, FUBO Gaming announced that it had received approval to offer advance deposit online sports wagering from the Iowa Racing and Gaming Commission (IRGC). It is the next step in launching its mobile sportsbook, Fubo Sportsbook, which remains on track to go live in the fourth quarter of 2021. It will enhance their wagering experience through the “Watching Now” feature. It is an industry-first integration of sports wagering and live streaming with fuboTV.
President of Fubo Gaming, Scott Butera, remarked that they are excited to kick off this journey in Iowa. He thanked the IRGC and Casino Queen for being the perfect partner in assisting them to cross the goal line and bring this sportsbook to the ardent sports fans of Iowa. They believe Fubo Sportsbook will provide an elevated sports entertainment experience. It will enhance interaction and engagement between sports viewing and betting, he added.
