Flutter Entertainment and Fox Corporation have announced that their Fox Bet sports betting joint venture will close next month.
A phased closure of the Fox Bet operations will take place from today (31 July) until 31 August.
Flutter has been operating the brand as part of The Stars Group US, along with the US-facing operations of the PokerStars business.
It was confirmed that Flutter will retain ownership of both PokerStars and FanDuel Group. However, Fox will retain future use of the Fox and Fox Bet brands. These include the Fox Bet Super 6 prediction game, with a revamped version of this still due to go live this summer.
In addition, Fox, which holds a 2.5% stake in Flutter, will retain its option to acquire 18.6% of FanDuel.
Fox Bet’s short history
Fox Bet was born in May 2019 when Fox linked up with The Stars Group to launch a new sports betting service in the US. This was prior to Flutter acquiring The Stars Group in May of the following year.
At the time, it was planned fo..