Flutter Entertainment-owned FanDuel Group has entered a strategic business agreement with The Cage Companies to launch online and retail sportsbooks in South America and the Caribbean.
Under the arrangement, FanDuel and the supplier’s Cage Sports subsidiary will operate sportsbooks at retail locations and online across both regions.
The partners will begin to roll out sports betting in the first half of 2021, initially in Bermuda and Barbados, with the aim of expanding this to other locations in the Caribbean, as well as in South America later in the year.
“We see sports betting and mobile gaming as a key driver of growth for the Cage Companies,” Cage Companies’ co-founder and chief executive Robert Washington said.
“This dynamic agreement creates tremendous value, brand recognition and delivers world class products for the enjoyment of our customers and the financial benefit of the many small businesses that serve as our commission retailers.”
