Streaming provider FuboTV is conducting a strategic overhaul of its betting division after determining that it cannot operate alone in the current economic environment.
Fubo CEO David Gandler says he has decided to ensure that the betting product created when he acquired Vigtory is fully integrated with the streaming service. But he said he could not achieve this by building his own technology.
As a result, we have initiated a strategic review of our gaming business.
“We continue to believe that an integrated betting platform that offers both live video and a sportsbook offers the best viewing and gaming experience for consumers,” said Gandler. “However, after evaluating how best to extend these capabilities in today’s market, we concluded that we would no longer pursue this opportunity alone.
“Therefore, our interactive gaming business is undergoing a strategic review. We are having internal and external discussions to determine the best path forward for Fubo’s gaming business, and we look forward to sharing more information.” .”
