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FanDuel Announces $15 Million Investment Plans to Establish an Atlanta Office

US online gambling operator FanDuel has announced that it plans to invest at least $$ $15 million to open an office in Atlanta that will focus on product development and technology operations.

The company will hire more than 300 people as part of its newest expansion initiative, it also revealed on Tuesday.

FanDuel is owned by Dublin-based retail and online gambling company Flutter Entertainment.

In 2018, Flutter merged its US operations with FanDuel and organized itself the next youth sports betting arena in the nation. Large gambling group purchased 58% back then.

Late last year, Flutter exercised and a 37. 2 shares of the sports betting company % ahead of the previously agreed July 2023 schedule, relinquished its holding 95%.

FanDuel is the largest sports betting operator in the US by revenue. The company's digital platform , 05 states. He also runs physical sportsbooks at casinos in some states. The firm says it has more than 12 million customers. It is headquartered in New York and has offices in Los Angeles, Orlando and Scotland.

The company currently does not offer its betting products in Georgia as the practice is illegal. status. Atlanta's four professional sports teams and numerous pro-gambling lobbyists pushed for the legalization of sports betting this year, but state lawmakers opposed this effort.

New Office to Be Found in Midtown Atlanta

FanDuel's new office is located in Midtown Atlanta a place. But economic development officials said this week that they don't know exactly where he is yet. And because these details are unknown, officials also said they don't know how much the gambling operator is prepared to take advantage of state, county and city incentives. Georgia promised job training aid, it was recognized.

FanDuel announced that it will look to the state's public and private universities to open courses to train future employees. The company plans to actively recruit staff at local campuses.

For residents of Georgia who want CV building workshops and mentorships will ensure. join the ranks of the company. FanDuel CPO Sarah Butterfass said the diverse talent pool in Atlanta is what drew them to the state's most populous city.

In separate news, Flutter FanDuel after the news in March of the list He said he was being evaluated. He said he was under pressure to consider different options for U.S. business as investors were disappointed with how the trade was doing.

The casino hub, which also has other brands such as Paddy Power, Betfair and PokerStars, said it is considering creating a "small shareholding" listing on FanDuel in the US. organizational and capital structure Implement the group's strategy to evaluate its regular assessment, how to best position itself. ”

Source: Gambling company FanDuel $ 15 M, recruiting 900 Atlanta, AP News, May 19, 2021

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