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Matt King, then-chief executive officer for FanDuel Group, speaks during a news conference before Meadowlands Racetrack opened its doors to sports betting, Saturday, July 14, 2018, in East Rutherford, N.J. King is now CEO of Fanatics Betting and Gaming. Fanatics Betting and Gaming is buying the U.S. operations of Australian sportsbook PointsBet for $150 million in a move that will help the sports apparel and memorabilia giant gain market share in the American sports betting and online casino markets. (AP Photo/Julio Cortez, File)
Photo by: Julio Cortez
Matt King, then-chief executive officer for FanDuel Group, speaks during a news conference before Meadowlands Racetrack opened its doors to sports betting, Saturday, July 14, 2018, in East Rutherford, N.J. King is now CEO of Fanatics Betting and Gaming. Fanatics Betting and Gaming is buying the U.S. operations of Australian sportsbook PointsBet for $150 million in a move that will help the sports apparel and memorabilia giant gain market share in the American sports betting and online casino markets. (AP Photo/Julio Cortez, File)

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