fuboTV Appoints Ali Ghanavati, Head of Regulatory Technology, Fubo Gaming
March 30 2021 - 9:00AM
Business Wire
fuboTV Inc. (NYSE: FUBO), the leading sports-first live TV
streaming platform, has named Ali Ghanavati as head of regulatory
technology for its new Fubo Gaming subsidiary. Ghanavati’s
extensive gaming career includes roles as chief engineer and as
deputy chief of the Technical Services Bureau (Gaming Laboratory)
of the State of New Jersey Division of Gaming Enforcement, where he
consulted with numerous state agencies and gaming jurisdictions
regarding casino gaming regulation and standards. He joins Fubo
Gaming effective immediately.
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In his new role, Ghanavati will collaborate with Fubo Gaming’s
Chief Operating Officer Sam Rattner and the broader management team
on both building new and innovative consumer experiences across
video and wagering as well as obtaining the requisite state
regulatory approvals for each initiative. Ghanavati, who has deep
experience across many aspects of technological regulation in the
gaming industry (online casino, land-based casino, sports wagering,
eSports and daily fantasy sports), will oversee product and
technology standards in those jurisdictions where Fubo Gaming’s
forthcoming Fubo Sportsbook will be available. The company expects
to launch its sportsbook in the fourth quarter of 2021, subject to
obtaining requisite regulatory approvals.
“Successfully navigating the gaming industry’s complex
regulatory process is critical as we work towards the launch of
Fubo Sportsbook,” said Rattner. “I’m thrilled Ali, who has decades
of experience and strong relationships across the industry, will
lead the product and technology processes for Fubo Gaming.”
“I am truly elated to be joining the Fubo Gaming team,” said
Ghanavati. “The company’s vision of integrating gaming with a live
TV streaming video platform is different than anything currently on
the market. I look forward to working with Sam and his team and
being part of the next phase of gaming.”
Ghanavati previously spent over a decade at Gaming Laboratories
International (GLI), which provides the gaming industry’s leading
testing and certification services. His most recent role at GLI, as
gaming development representative, included leading and guiding
operators and developers to successfully launch products in various
gaming channels. Prior to GLI, Ghanavati spent over 20 years with
the Technical Services Bureau (Gaming Laboratory) of the State of
New Jersey Division of Gaming Enforcement, most recently as deputy
chief where he managed the Bureau’s personnel and operations. He
began his career on the Technical Services Bureau’s engineering
team, ultimately rising to chief engineer.
About Fubo Gaming
Fubo Gaming Inc. is a subsidiary of fuboTV (NYSE: FUBO), the
sports-first live TV streaming platform. Complementing fuboTV’s
leading sports streaming platform, Fubo Gaming aims to provide a
comprehensive sports and entertainment experience through sports
betting and interactive gaming. The online wagering experience,
Fubo Sportsbook, is expected to launch in Q4 2021, subject to
obtaining requisite regulatory approvals.
About fuboTV
With a mission to provide the world’s most thrilling
sports-first live TV experience through the greatest breadth of
premium content, interactivity and integrated wagering, fuboTV Inc.
(NYSE: FUBO) is focused on bringing to life its vision of a
streaming platform that transcends the industry’s current virtual
MVPD model. fuboTV Inc. operates in the U.S., Canada and Spain.
Leveraging its proprietary data and technology platform
optimized for live TV and sports viewership, fuboTV Inc. aims to
turn passive viewers into active participants. Through its cable TV
replacement product, fuboTV, subscribers can stream a broad mix of
100+ live TV channels, including 42 of the top 50 Nielsen-ranked
networks across sports, news and entertainment — more than any
other live TV streaming platform (source: Nielsen Total Viewers,
2020). fuboTV intends to add interactivity to its streaming
experience with the launch of a predictive free-to-play gaming app
in Q3 2021.
Fubo Gaming Inc., a subsidiary of fuboTV Inc., expects to launch
Fubo Sportsbook, a comprehensive sports and entertainment
experience through sports betting and interactive gaming, in Q4
2021, subject to obtaining requisite regulatory approvals.
Cautionary Note Regarding
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements are neither historical facts nor
assurances of future performance. Instead, they are based on the
current beliefs, expectations and assumptions of fuboTV and on
information currently available to fuboTV. The forward-looking
statements in this press release represent fuboTV’s views as of the
date of this press release. These statements may include, but are
not limited to, statements regarding future events or future
financial and operating performance and fuboTV’s plans for, and the
anticipated benefits of, and new strategic partnerships. Although
fuboTV believes the expectations reflected in such forward-looking
statements are reasonable, fuboTV can give no assurance that such
expectations will prove to be correct. Forward-looking statements
may involve known and unknown risks, uncertainties and other
factors that may cause fuboTV’s actual results, performance or
achievements to be materially different from those expressed or
implied by the forward-looking statements. Accordingly, readers are
cautioned not to place undue reliance on these forward-looking
statements. Except as required by applicable law, fuboTV does not
plan to publicly update or revise any forward-looking statements
contained herein, whether as a result of any new information,
future events, changed circumstances or otherwise. No
representations or warranties (expressed or implied) are made about
the accuracy of any such forward-looking statements. Important
factors that could cause fuboTV’s actual results to differ
materially are detailed from time to time in the reports fuboTV
files with the Securities and Exchange Commission, copies of which
are available on the Securities and Exchange Commission’s website
at www.sec.gov and are available from fuboTV without charge.
However, new risk factors and uncertainties may emerge from time to
time, and it is not possible to predict all risk factors and
uncertainties.
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fuboTV Investor and Media
Contacts
Media Contacts: Jennifer L. Press jpress@fubo.tv
Katie Minogue kminogue@fubo.tv
Investor Contact: The Blueshirt Group for fuboTV
ir@fubo.tv
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