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Fanatics prepares for sports gambling

Fanatics Inc., the global sports merchandising giant started in Orange Park, is preparing to add sports gambling to its empire.

CEO Michael Rubin said June 22 he was selling his minority interest in the NBA’s Philadelphia 76ers and NHL’s New Jersey Devils, a deal he confirmed will facilitate his company’s entry into sports gaming.

“With the launch of our trading cards and collectibles business earlier this year – which will have individual contracts with thousands of athletes globally – and a soon-to-launch sports betting operation, these new businesses will directly conflict with the ownership rules of sports leagues,” Rubin said in a statement posted on Twitter.

Read the rest of this story at WJCT News partner the Jacksonville Daily Record.