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FOX acquires stake in The Stars Group ahead of FOX Bet launch

9th May 2019 7:56 am GMT

New York-listed FOX Corp. has agreed to acquire a 4.99 per cent stake in Toronto-listed gaming operator The Stars Group as part of a 25-year commercial agreement announced late Wednesday.

The agreement will see The Stars Group and FOX Sports launch FOX Bet, a first-of-its kind national media and sports wagering partnership in the United States.

Under the terms of the deal, FOX Sports will provide The Stars Group with an exclusive license […]

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