FanDuel Group has entered a strategic business deal with The Cage Companies to launch online and retail sportsbooks in South America and the Caribbean. The new relationship brings together Cage’s experience in the region with FanDuel’s premier brand and industry-leading sports betting platform.
“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. This agreement will also provide new jobs and significant recurring revenue for the governments we serve,” Robert L. Johnson, Majority Owner of the Cage Companies, said.
As part of the deal, FanDuel Group and Cage will operate over the counter sportsbooks at retail locations and online in markets throughout the Caribbean and South America. Both companies 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 are proud to partner with a visionary business leader and entrepreneur in Bob Johnson and look forward to building a long-term collaboration together. Bob and the team at Cage were the perfect partner to expand our industry leading footprint internationally,” Matt King, CEO of FanDuel Group, said.
“We see sports betting and mobile gaming as a key driver of growth for 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,” Robert B. Washington, Co-Founder, Chairman & CEO of The Cage Companies, said.