GCGRA approves Fanatics and Momentum Group UAE gaming joint venture
Fanatics and Momentum Group formed a joint venture to operate and expand commercial gaming in the United Arab Emirates, the companies said. The GCGRA approved the change in control of Momentum’s licensed entities, allowing its existing licences and operations to be integrated into the venture. The activities include lottery, iGaming, sportsbook and gaming-content websites.
The venture can integrate Momentum’s licensed UAE operations with Fanatics’ capabilities across several gaming categories.