• About Us / Contact
  • Responsible Gambling
This site contains commercial content
SportsHandle
  • US Sports Betting
    • Arizona
    • Colorado
    • Illinois
    • Indiana
    • Kentucky
    • Louisiana
    • Maryland
    • Massachusetts
    • Michigan
    • New Jersey
    • New York
    • North Carolina
    • Ohio
    • Pennsylvania
    • Tennessee
    • Virginia
  • Pending States
    • California
    • Florida
    • Georgia
    • Missouri
  • Canada
    • Ontario
    • British Columbia
    • Alberta
  • Sportsbook Apps
    • FanDuel Sportsbook Promo Code
    • BetMGM Bonus Code
    • Bet365 Bonus Code
    • Caesars Sportsbook Promo Code
    • ESPN BET Promo Code
    • Fanatics Sportsbook Promo Code
    • BetRivers Promo Code
  • Tools
    • Sportsbook Bonuses Explained
    • Sports Betting Revenue Tracker
    • Sports Betting Podcasts
    • Partnership Tracker
    • Expected Value
    • Sports Scores And Odds Apps
    • Sports Betting Twitter
  • News
No Result
View All Result
SportsHandle
  • US Sports Betting
    • Arizona
    • Colorado
    • Illinois
    • Indiana
    • Kentucky
    • Louisiana
    • Maryland
    • Massachusetts
    • Michigan
    • New Jersey
    • New York
    • North Carolina
    • Ohio
    • Pennsylvania
    • Tennessee
    • Virginia
  • Pending States
    • California
    • Florida
    • Georgia
    • Missouri
  • Canada
    • Ontario
    • British Columbia
    • Alberta
  • Sportsbook Apps
    • FanDuel Sportsbook Promo Code
    • BetMGM Bonus Code
    • Bet365 Bonus Code
    • Caesars Sportsbook Promo Code
    • ESPN BET Promo Code
    • Fanatics Sportsbook Promo Code
    • BetRivers Promo Code
  • Tools
    • Sportsbook Bonuses Explained
    • Sports Betting Revenue Tracker
    • Sports Betting Podcasts
    • Partnership Tracker
    • Expected Value
    • Sports Scores And Odds Apps
    • Sports Betting Twitter
  • News
No Result
View All Result
SportsHandle
No Result
View All Result

FanDuel Partners With CAGE To Enter Caribbean Sports Betting Market

Sportsbook hopes to be accepting bets as early as first half of 2021

Chris Altruda by Chris Altruda
December 16, 2020
in Industry
FanDuel, CAGE, Caribbean

Shutterstock

Share on FacebookShare on Twitter

FanDuel is hoping the combination of sandy beaches and sports betting sounds attractive to bettors as it announced Wednesday it has entered a strategic business agreement with CAGE companies and its subsidiary, CAGE Sports BV, to expand its footprint into certain jurisdictions in both the Caribbean and South America where the activity is legal.

According to a joint press release, the pair are targeting Bermuda and Barbados to be the first two locations to offer both retail and online sports betting in the region, with hopes to be operational in both jurisdictions by the first half of next year.

β€œWe are proud to partner with a visionary business leader and entrepreneur in Bob Johnson and look forward to building a long-term collaboration together,” said FanDuel Group CEO Matt King. β€œBob and the team at CAGE were the perfect partner to expand our industry leading footprint internationally.”

FanDuel currently operates retail sportsbooks in 11 states in the U.S. and conducts mobile sports wagering in eight, and the latter group will expand to at least 10 in 2021 when Michigan and Virginia launch. Its parent company Flutter also conducts sports betting in Europe and Australia through its brands Paddy Power, Betfair, SportsBet, and Beteasy.

The deal marks a reversal of sorts with a sportsbook based in the United States encroaching on an area more known more as a haven for offshore sportsbooks illegally transacting with customers based in the U.S. While some major sportsbooks operating illegally have met their fate with the U.S. Department of Justice, such as 5Dimes recently, that market continues to operate at a robust level despite the state-by-state expansion of legalized sports betting following the U.S. Supreme Court striking down PASPA in May 2018.

Who is CAGE?

FanDuel Group and The CAGE COMPANIES (An RLJ Companies Affiliate) Enter into an Exclusive Sports Betting Agreement Across the Caribbean and South America πŸ™ŒπŸΎπŸ™πŸΎ #BobJohnson #AnotherOne #RLJCompanies https://t.co/EeTYiDOUr7

— Bob Johnson (@RLJOfficial) December 16, 2020

According to its website, CAGE was founded in 2004 originally to bring Video Lottery Terminals (VLTs) to Caribbean countries. Registered as a U.S. Virgin Islands company, CAGE is licensed to operate VLTs in six Caribbean countries, most notably Barbados and the Dominican Republic.

Sign Up For The Sports Handle Newsletter!
I also want to receive information and offers about online sportsbooks (eg. odds boost, welcome offers)

The CAGE Companies are an RLJ Companies Owned Majority Company that was founded by former Black Entertainment Television (BET) co-founder Robert Johnson. Also a former majority owner of the NBA’s Charlotte Hornets, Johnson founded RLJ Companies in 2001 following his $3 billion sale of BET to Viacom Network.

“We are excited about implementing a sports betting business with FanDuel and believe that it will provide our customers with an engaging betting experience only our two companies can deliver.” Johnson said. β€œThis agreement will also provide new jobs and significant recurring revenue for the governments we serve.

β€œWe see sports betting and mobile gaming as a key driver of growth for the CAGE Companies,” added Robert B. Washington, co-founder, chairman & CEO of the CAGE Companies. β€œThis 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.”

ShareTweetShare
Chris Altruda

Chris Altruda

Chris Altruda was a sportswriter with ESPN, The Associated Press, and STATS for more than two decades before coming to Better Collective in 2019. When not crunching sports betting revenue figures, he is usually listening to Iron Maiden or exploring Chicago neighborhoods. His Twitter handle is @AlTruda73 and can be reached via email at [email protected]

This site contains commercial content. We may be compensated for the links provided on this page. The content on this page is for informational purposes only.

Related Posts

arizona-grand-canyon
Industry

July Sports Wagering Revenue In Arizona Up More Than 11% Year-Over-Year

September 26, 2023
George Rose/Getty Images
Industry

Sportsbooks Ratchet Up Targeted Advertising At Start Of NFL Season

September 22, 2023
Load More

Top Stories

system error

Schuetz: Palpable Errors In Sports Betting, And The Palpably Bad Decisions That Follow

September 25, 2023
churchill downs betting

Two Of Seven Platforms In Kentucky Will Allow Betting At Age 18 Starting Thursday

September 25, 2023
Getty Images

Will Prohibet Provide One-Stop Shopping For Detection Of Sports Betting Infractions?

September 14, 2023
have-a-game-plan-bet-responsibly-screenshot

Bettors Know All About Responsible Gambling, But Most Don’t Use Tools

September 12, 2023

State Sports Betting Guides

Sports Betting in Kentucky

Kentucky Sports Betting – Pre-Launch Offers & Best Legal Sportsbook Apps for 2023

by Dukes Wooters
September 22, 2023

Ohio (U.S. state) flag waving against clear blue sky, close up, isolated with clipping path mask alpha channel transparency, perfect for film, news, composition

Ohio Sports Betting – All Online Sportsbooks, Bonus Offers, and News 2023

by Brian Pempus
September 26, 2023

Downtown Detroit at twilight (Shutterstock)

Michigan Sports Betting – Where To Play, Online Sportsbooks, And FAQ

by Brett Smiley
September 6, 2023

VA captial

Virginia Sports Betting – Where To Play, Online Sportsbooks And Bonus Offers

by Brett Smiley
September 1, 2023

nj flag

New Jersey Sports Betting — Where To Play, Online Sportsbooks, And FAQ

by Brett Smiley
September 6, 2023

Canada Sports Betting Guides

Canada Sports Betting – Best Sportsbook Apps 2023

British Columbia Sports Betting – Legal Update, Available Sportsbooks, and FAQ

Ontario Sports Betting – Legal Status And Where To Play

SportsHandle

  • Analysis
  • Casino
  • Features
  • Horse Racing
  • Industry
  • Legal
  • Legislation
  • Lottery
  • Opinion
  • Podcasts
  • Poker
  • Politics
  • Promotions
  • Regulation
  • Sports
  • Uncategorized

Better Collective

This website is owned and operated by Better Collective USA. Trademarks and copyrights referenced on this website are and shall remain the exclusive property of their respective owners and/or licensors. Please be sure to visit the operator’s website(s) to review their terms & conditions. We advise you to read these carefully as they contain important information. Copyright Β© 2023 USBets.com | Better Collective USA
21 Play Responsibly
Gamble Aware West Virginia
Gambling Problem? Call 1-800-Gambler.
GameSense

Search Sports Handle

No Result
View All Result
  • About Us / Contact
  • Responsible Gambling

No Result
View All Result
  • US Sports Betting
    • Arizona
    • Colorado
    • Illinois
    • Indiana
    • Kentucky
    • Louisiana
    • Maryland
    • Massachusetts
    • Michigan
    • New Jersey
    • New York
    • North Carolina
    • Ohio
    • Pennsylvania
    • Tennessee
    • Virginia
  • Pending States
    • California
    • Florida
    • Georgia
    • Missouri
  • Canada
    • Ontario
    • British Columbia
    • Alberta
  • Sportsbook Apps
    • FanDuel Sportsbook Promo Code
    • BetMGM Bonus Code
    • Bet365 Bonus Code
    • Caesars Sportsbook Promo Code
    • ESPN BET Promo Code
    • Fanatics Sportsbook Promo Code
    • BetRivers Promo Code
  • Tools
    • Sportsbook Bonuses Explained
    • Sports Betting Revenue Tracker
    • Sports Betting Podcasts
    • Partnership Tracker
    • Expected Value
    • Sports Scores And Odds Apps
    • Sports Betting Twitter
  • News