FanDuel inks Caribbean, LatAm sports betting deal with CAGE Cos

Sports betting operator FanDuel Group has struck a Caribbean and South American market access deal with a company controlled by America’s first black billionaire. 

On Wednesday, FanDuel announced a deal with The CAGE Companies and its subsidiary CAGE Sports BV to operate online and retail sportsbooks in “certain jurisdictions where CAGE is licensed or is seeking sports betting licenses in the Caribbean and South America.”

CAGE is an offshoot of the RLJ Companies, a holding company founded by Robert L. Johnson, creator of Black Entertainment Television (BET), following the 2001 sale of BET to Viacom. 

CAGE subsequently established a network of video lottery terminal (VLT), sports betting and virtual sports games in several Caribbean jurisdictions, including Antigua & Barbuda, Barbados, St. Lucia, St. Kitts & Nevis, Guyana and Sint Maarten.