{"id":170173,"date":"2021-04-10T20:10:49","date_gmt":"2021-04-11T03:10:49","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=170173"},"modified":"2021-04-11T13:06:38","modified_gmt":"2021-04-11T20:06:38","slug":"fox-could-remove-fanduel-from-its-air-as-flutter-suit-intensifies","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/fox-could-remove-fanduel-from-its-air-as-flutter-suit-intensifies\/","title":{"rendered":"Fox Takes Gloves Off, Could Yank FanDuel from Air in Flutter Legal Dispute"},"content":{"rendered":"

Fox Corp. (NASDAQ:FOXA) apparently isn’t holding back in its legal spat with Flutter Entertainment (OTC:PDYPY). The media company is rumored to be threatening to pull the Irish gaming firm’s FanDuel brand from its airwaves.<\/p>\n

\"Fox
Scenes from FOX NFL Sunday. The broadcaster could pull FanDuel from its air if a dispute with Flutter isn’t settled. (Image: Twitter)<\/figcaption><\/figure>\n

The speculation is tied to a suit the broadcaster filed against Flutter earlier this month in New York\u2019s Judicial Arbitration and Mediation Services (JAMS). That litigation is over differing views of the price Fox should pay to acquire 18.6 percent of FanDuel.<\/p>\n

The media giant wants the price the parent company paid — $4.175 billion last December — when it purchased Fastball\u2019s 37.2 percent interest<\/a> in FanDuel. Flutter wants to charge what believes is fair market value, which would be significantly higher than the Fastball price.<\/p>\n

Speculation that kicked up today indicates Fox would like to amicably resolve the dispute. But if push comes to shove, the broadcaster could be compelled to pull FanDuel off its airwaves.<\/strong><\/p>\n

Fox Could Levy Heavy Punishment Against FanDuel<\/h2>\n

FanDuel is the largest online sportsbook operator in the US, controlling nearly a third of the market<\/a> and usually ranking first or second in terms of share in the states in which it’s available.<\/p>\n

\n

Some of that dominance is attributable to strong brand awareness, which is, in part, driven by media relationships. To that end, FanDuel being dismissed from Fox air<\/a> would be punitive to the gaming company, because Fox is the second-largest sports broadcast network in the US, behind only Disney’s ESPN unit. Translation: If the legal spat between Fox and Flutter intensifies, FanDuel risks losing the promotional power of Fox.<\/p>\n<\/div>\n

Should the media outfit pursue that course of action, the expectation is that it would throw more weight behind the scuffling FOX Bet brand. By way of its acquisition of The Stars Group (TSG), Flutter controls FOX Bet. But the broadcast company has rights to acquire up to half of TSG’s US businesses, which include the sportsbook operator and PokerStars. In the US, FOX Bet is a partnership between the media company and TSG.<\/p>\n

Flutter employs a duel operating plan for FanDuel and FOX Bet — a strategy some investors question, because they believe the latter is the weaker link and results in resources being diverted away from the former. Fox owns 2.5 percent of Flutter shares.<\/p>\n

Complicated Situation<\/h2>\n

This week, it was reported <\/a>that Fox, in fact, has an agreement with Flutter to acquire 18.6 percent of FanDuel at the Fastball price.<\/p>\n

Still, the prevailing belief is that the Irish company is pursuing a higher multiple on that percentage — one that reflects the fact that FanDuel is bigger than rival DraftKings (NASDAQ:DKNG). DraftKings has a market capitalization of $24.17 billion. Assuming FanDuel is valued comparably in a separation from Flutter, 18.6 percent is worth $4.49 billion.<\/strong><\/p>\n

Speaking of a potential spin-off, there’s talk Fox’s litigation against Flutter could complicate plans to sell a slice of FanDuel to public investors. There’s also chatter that the media company wants the owner of Sky Bet, Paddy Power, and Betfair to include FOX Bet and PokerStars in that transaction.<\/p>\n","protected":false},"excerpt":{"rendered":"

Fox Corp. (NASDAQ:FOXA) apparently isn’t holding back in its legal spat with Flutter Entertainment (OTC:PDYPY). The media company is rumored to be threatening to pull the Irish gaming firm’s FanDuel brand from its airwaves. The speculation is tied to a suit the broadcaster filed against Flutter earlier this month in New York\u2019s Judicial Arbitration and […]<\/p>\n","protected":false},"author":46,"featured_media":170174,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[60,1],"tags":[],"acf":[],"yoast_head":"\nFox Could Remove FanDuel from its Air as Flutter Suit Intensifies<\/title>\n<meta name=\"description\" content=\"Fox could say good-bye to FanDuel commercials if it can't resolve a legal dispute with parent Flutter.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fox Could Remove FanDuel from its Air as Flutter Suit Intensifies\" \/>\n<meta property=\"og:description\" content=\"Fox could say good-bye to FanDuel commercials if it can't resolve a legal dispute with parent Flutter.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/fox-could-remove-fanduel-from-its-air-as-flutter-suit-intensifies\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-11T03:10:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-04-11T20:06:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/fox-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/fox-could-remove-fanduel-from-its-air-as-flutter-suit-intensifies\/\",\"url\":\"https:\/\/www.casino.org\/news\/fox-could-remove-fanduel-from-its-air-as-flutter-suit-intensifies\/\",\"name\":\"Fox Could Remove FanDuel from its Air as Flutter Suit Intensifies\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/fox-could-remove-fanduel-from-its-air-as-flutter-suit-intensifies\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/fox-could-remove-fanduel-from-its-air-as-flutter-suit-intensifies\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/fox-1.jpg\",\"datePublished\":\"2021-04-11T03:10:49+00:00\",\"dateModified\":\"2021-04-11T20:06:38+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Fox could say good-bye to FanDuel commercials if it can't resolve a legal dispute with parent Flutter.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/fox-could-remove-fanduel-from-its-air-as-flutter-suit-intensifies\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/fox-could-remove-fanduel-from-its-air-as-flutter-suit-intensifies\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/fox-could-remove-fanduel-from-its-air-as-flutter-suit-intensifies\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/fox-1.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/fox-1.jpg\",\"width\":1200,\"height\":900,\"caption\":\"Scenes from FOX NFL Sunday. The broadcaster could pull FanDuel from its air if a dispute with Flutter isn't settled. (Image: Twitter)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/fox-could-remove-fanduel-from-its-air-as-flutter-suit-intensifies\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Legal\",\"item\":\"https:\/\/www.casino.org\/news\/legal\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Fox Takes Gloves Off, Could Yank FanDuel from Air in Flutter Legal Dispute\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Fox Could Remove FanDuel from its Air as Flutter Suit Intensifies","description":"Fox could say good-bye to FanDuel commercials if it can't resolve a legal dispute with parent Flutter.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Fox Could Remove FanDuel from its Air as Flutter Suit Intensifies","og_description":"Fox could say good-bye to FanDuel commercials if it can't resolve a legal dispute with parent Flutter.","og_url":"https:\/\/www.casino.org\/news\/fox-could-remove-fanduel-from-its-air-as-flutter-suit-intensifies\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2021-04-11T03:10:49+00:00","article_modified_time":"2021-04-11T20:06:38+00:00","og_image":[{"width":1200,"height":900,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/fox-1.jpg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/fox-could-remove-fanduel-from-its-air-as-flutter-suit-intensifies\/","url":"https:\/\/www.casino.org\/news\/fox-could-remove-fanduel-from-its-air-as-flutter-suit-intensifies\/","name":"Fox Could Remove FanDuel from its Air as Flutter Suit Intensifies","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/fox-could-remove-fanduel-from-its-air-as-flutter-suit-intensifies\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/fox-could-remove-fanduel-from-its-air-as-flutter-suit-intensifies\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/fox-1.jpg","datePublished":"2021-04-11T03:10:49+00:00","dateModified":"2021-04-11T20:06:38+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"Fox could say good-bye to FanDuel commercials if it can't resolve a legal dispute with parent Flutter.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/fox-could-remove-fanduel-from-its-air-as-flutter-suit-intensifies\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/fox-could-remove-fanduel-from-its-air-as-flutter-suit-intensifies\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/fox-could-remove-fanduel-from-its-air-as-flutter-suit-intensifies\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/fox-1.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/fox-1.jpg","width":1200,"height":900,"caption":"Scenes from FOX NFL Sunday. The broadcaster could pull FanDuel from its air if a dispute with Flutter isn't settled. (Image: Twitter)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/fox-could-remove-fanduel-from-its-air-as-flutter-suit-intensifies\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Legal","item":"https:\/\/www.casino.org\/news\/legal\/"},{"@type":"ListItem","position":3,"name":"Fox Takes Gloves Off, Could Yank FanDuel from Air in Flutter Legal Dispute"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.","sameAs":["https:\/\/muckrack.com\/todd-shriber","https:\/\/www.linkedin.com\/in\/toddshriber\/","https:\/\/x.com\/etfgodfather"],"url":"https:\/\/www.casino.org\/news\/author\/todd-shriber\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/170173"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=170173"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/170173\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/170174"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=170173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=170173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=170173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}