FuboTV Climbs 3% On Market Access Agreement With Cordish Companies In Pennsylvania
Shares of sports-first live TV streaming platform fuboTV Inc. (FUBO) are climbing more than 3% Friday morning.
Thursday, Fubo Gaming, a unit of fuboTV Inc., and The Cordish Companies said they have completed the market access agreement in Pennsylvania for the forthcoming mobile Fubo Sportsbook.
Fubo’s agreement with The Cordish Companies, the owner and operator of Live! Casino & Hotel Philadelphia and Live! Casino Pittsburgh, provides for state-wide mobile access for both sports betting and iGaming.
“With our sportsbook, we’re looking forward to delivering a comprehensive sports entertainment experience that combines live streaming and wagering. We expect to launch Fubo Sportsbook in the fourth quarter of this year pending regulatory approvals,” said David Gandler, co-founder and CEO, fuboTV.
FUBO, currently at $26.62, has traded in the range of $8.26- $62.29 in the past 52 weeks.
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