Fanatics CEO Michael Rubin last week finished the sale of his 10% stake in Harris Blitzer Sports & Entertainment, a key step for his sports betting business.
The sale, announced in June, means he is no longer a partner of the Philadelphia 76ers or the New Jersey Devils.
Fanatics will launch its first sportsbooks in January, CEO Michael Rubin recently announced. He expects Fanatics to take bets in all major US markets except New York by the time NFL betting rolls around in 2023.
Fanatics hired Andrea Ellis to serve as CFO of its betting and gambling subsidiary.