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 fuboTV Appoints Ali Ghanavati, Head of Regulatory Technology, Fubo Gaming

2021-03-30 09:00 ET - News Release


NEW YORK -- (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.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210330005046/en/

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.

Contacts:

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

Source: fuboTV Inc.

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