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Then-CEO Kip Levin subsequently indicated that Betfair was “very likely” to use the FanDuel brand in the US, and that’s already coming to fruition with respect to sports betting. The first FanDuel Sportsbook is already open in NJ, and the group has partnerships in place across West Virginia and New York , too. The extent of the rebranding became clear earlier this month when Betfair US announced it was changing its name to FanDuel Group. As it turns out, sports betting was only part of the plan. Levin indicated that rebranding the Betfair online casino in NJ was also a possibility. That seems to be what’s happening here. While PPB will likely retain the TVG brand for its horse betting site, all other US-facing platforms will be FanDuel platforms going forward. Betfair’s name will remain on the casino product for a short time before the new moniker takes hold. The timeline for the transition sounds more like a few weeks than a few months down the line. PPB operates robust platforms in other jurisdictions, but FanDuel Group has secured its own deals with third-party suppliers. IGT is tasked with providing the platform to deliver PPB’s bookmaking services to FanDuel’s sportsbooks. FanDuel will leverage Paddy Power Betfair’s leading pricing, trading and risk management capabilities, which have been integrated into the IGT platform, along with a bespoke user interface to offer a best-in-class consumer experience. Conveniently, IGT is an online casino supplier, too.
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