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FOX secures removal from FTSE Russell gambling exclusion list

6th December 2019 8:42 am GMT
FOX BET

American broadcasting company FOX Corp. has successfully challenged its inclusion in the FTSE Russell Gambling Business Activity Exclusion List.

The company was added to the list earlier this year following its equity investment in Toronto-listed The Stars Group, its partner in the US-facing FOX Bet wagering business.

Fox holds a 4.99 per cent stake in The Stars Group and challenged whether that level of involvement warranted inclusion in the list, which is used by funds to screen [...]

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