Flutter-backed Fox Bet to close
The joint venture with Fox Corporation formed part of the Paddy Power-owner’s US operations
Irish betting firm Flutter Entertainment and broadcaster Fox Corporation have announced the closure of Fox Bet, a US sports betting platform.
A phased closure of the betting business will take place between July 31 and August 31.
Fox Bet contributed just 3 per cent to Flutter’s revenue of £2.6 billion (€3 billion) in the US last year.
Fox had initially partnered with the Stars Group, then a Canadian owned business, to launch Fox Bet in ...