888 ends Sports Illustrated 取引,協定 as 激しい US 競争 誘発するs review

March 6 (Reuters) - British bookmaker 888 Holdings said on Wednesday it had 終結させるd its を取り引きする Sports Illustrated and was looking at 選択s to sell or 出口 its direct-to-消費者 U.S. 操作/手術s, 予定 to 激しい 競争 and low 利ざやs.

Sports Illustrated (SI), known for its eponymous sports magazine, had entered the online betting market in an 排除的 を取り引きする 888 in 2021 in a 企て,努力,提案 to entice SI fans.

Sportsbetting in the 部隊d 明言する/公表するs took off in the last few years since it was legalised in 2018, with players in the country partnering up with or buying out British 賭事ing groups that have more experience in that field.

But it has been a long road に向かって profitability for many sports 賭事ing groups 含むing market leader ぱたぱたする-owned FanDuel, which turned profitable for the first time only last year.

"In the U.S., the intensity of 競争 and 必要物/必要条件 for 規模 means 抱擁する 投資 is 要求するd to reach profitability," 888 CEO Per Widerstr?m said in a 声明.

BetMGM, 共同で owned by Ladbrokes-owner Entain and MGM 訴える手段/行楽地s, made its first 利益(をあげる)s in the second half of last year.

888, which is active in four U.S. 明言する/公表するs, said it was 終結させるing its 協定 with SI-parent Authentic Brands and would 支払う/賃金 a termination 料金 of about $25 million.

The termination is 推定する/予想するd to help save 888 about $6 million to $7 million per year in 2024 and 2025, it 追加するd.

(報告(する)/憶測ing by Yadarisa Shabong in Bengaluru; Editing by Rashmi Aich)

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