Comment on DraftKings withdrawing bid for Entain from Aaron Fischer of Fishcer Sports Betting and Gaming ETF BETS

Aaron Fischer, co-Founder of the Fischer Sports Betting & iGaming UCITS ETF – Acc (LSE ticker BETS) said: “We continue to expect a lot of M&A activity in the sports betting and iGaming market which will be good for long-term growth across the sector despite DraftKings dropping its $22 billion bid for Entain.

“The withdrawal of the bid has been positive for the BETS ETF in the short-term too as DraftKings stock is up 5% and as DraftKings is our third largest holding at 7% of the index that has driven a 2% gain for our index.

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