Digital sports media group Futbol Sites Network Group (FSN) has joined forces with highly experienced gaming executives Jordan Gnat, Robin Chhabra and Andy Clerkson, in a bid to expand the network’s global reach.
The group owns and operates more than ten sports websites, aimed at sports fans in Latin America, and in Hispanic communities across the USA.
Originally founded by Argentinian entrepreneurs Federico Grinberg and Nahuel Pan, the group’s websites attract over 60 million unique users monthly, with more than 300 million visiting its social media channels.
Together, Gnat, Chhabra and Clerkson have acquired a significant interest in the group, and Gnat has been appointed vice-chairman. He previously served as group senior vice president of The Stars Group, where Chhabra also sat on the executive committee, before becoming chief executive of the Fox Bet joint venture with Fox Sports.
Clerkson, meanwhile, was a key figure in helping The Stars Group and Fox Sports set up that joint venture, which is now available to customers in states such as New Jersey and Pennsylvania.
“I am honoured that [FSN] have chosen me, Robin and Andy to be part of their winning team,” Gnat said. “We look forward to bringing our over 60 years of combined sports, media and gaming knowledge and experience to the company.
“The platform that has been built is rock solid and we look forward to working with the team to continue the strong growth in LatAm, the US and beyond.”
Federico Grinberg, chief executive of FSN, added: “With passion, focus and perseverance we expanded operations all across LatAm and the US. Now, we are ready to take the company to the next level by joining forces with Jordan, Robin and Andy.”
“Having these three super stars as investors, and Jordan on our board, will help FSN expand its network as well as its global reach.”
The repeal of the Professional and Amateur Sports Protection Act in May 2018 has seen sports betting regulation sweep the US, with legal bets being taken in states such as Colorado, Illinois and Michigan most recently.
Latin America is broadly considered to contain some of gaming’s highest-potential markets.
Sports betting legislation passed in Brazil in December 2018, and its legalization was included in a package of privatisation and concessions designed to help the country recover from the novel coronavirus (Covid-19) pandemic.
Across the region, other markets such as Colombia and Mexico, where FSN has offices and operations, are also seen as key growth targets for the industry.