Fox And Flutter Entertainment To Close The Sports Betting Platform FOX Bet
Portfolio Pulse from Benzinga Newsdesk
Fox Corporation and Flutter Entertainment have decided to shut down their sports betting platform, FOX Bet. The decision comes after a strategic review of the business.
July 31, 2023 | 6:12 am
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NEGATIVE IMPACT
Fox Corporation is closing its sports betting platform, FOX Bet, in partnership with Flutter Entertainment. This could potentially impact its revenue streams.
The closure of FOX Bet could lead to a decrease in Fox Corporation's revenue, as it eliminates a potential source of income. This could negatively impact the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Flutter Entertainment, in partnership with Fox Corporation, is closing its sports betting platform, FOX Bet. This could potentially impact its revenue streams.
The closure of FOX Bet could lead to a decrease in Flutter Entertainment's revenue, as it eliminates a potential source of income. This could negatively impact the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100