Fanatics is "in talks to acquire sports betting company Tipico," though a deal has "not yet been reached." The two sides are "currently at an impasse on price," though "talks are still ongoing." Tipico has a small U.S. gambling operation, holding licenses in Colorado and New Jersey, but it is the "leading sports betting provider in Germany." Fanatics CEO Michael Rubin's statement on the sale of his 10% stake in Harris Blitzer Sports & Entertainment referenced Fanatics' "soon-to-launch sports betting operation" as one of the reasons he was selling his stake, as NBA rules "don’t allow owners to operate a gambling platform" (CNBC.com, 6/23).
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