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FuboTV Stock Rises Premarket After Receiving Gaming Licence to Offer Mobile Event Wagering in Arizona

Updated: 3 Sep 2021

FuboTV (NYSE: FUBO) shares are climbing premarket after announcing that its subsidiary, Fubo Gaming, has been granted a Management Services Provider Certification from the Arizona Department of Gaming (ADG).

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The certification will allow the company to offer mobile event wagering within the state of Arizona through a market access agreement with the Ak-Chin Indian Community.

It is the company’s second state license, following recent approval in Iowa. The company also recently announced it secured a market access agreement in Arizona.

Fubo Sportsbook intends to combine data from both the betting and streaming platforms.

“The license award in Arizona is an important strategic step as we aim to bring our integrated Fubo Sportsbook to the passionate sports fans of Arizona,” said Scott Butera, president, Fubo Gaming.

Butera added, “With the forthcoming launch of Fubo Sportsbook, we look forward to providing a seamless user experience that allows fans to wager while they watch their favorite sports. We believe Fubo Sportsbook will add another exciting layer to the sports entertainment experience – one that will bring increased interaction and engagement between sports viewing and betting.”

FuboTV shares are trading at $30.99 premarket, up over 4%.

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