Flutter Entertainment (PDYPY) and Fox Corp. (FOX) announced the decision to close sports betting platform Fox Bet. A phased closure of Fox Bet’s operations will take place between July 31 and August 31. Flutter operated Fox Bet as part of The Stars Group US along with the U.S. facing operations of PokerStars. Flutter will retain ownership of PokerStars, in addition to US sports betting market leader FanDuel. Fox will retain future use of the Fox and Fox Bet brands, including FOX Bet Super 6, and intends to launch an all-new FOX Super 6 game later this summer. Fox will continue to hold its option to acquire 18.6% of FanDuel and in addition holds a 2.5% stake in Flutter.
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