Global betting analysis company Better Collective acquired a majority stake in the parent company of fantasy news source RotoGrinders.
Better Collective paid $21 million for 60 percent of Rical LLC, which owns and operates RotoGrinders, PocketFives, SportsHandle, USBets, and PennBets. RotoGrinders’ three co-founders will continue to manage the business.
“Since PASPA was repealed by the US Supreme Court last year, we have carefully evaluated how best to establish Better Collective in the growing US market,” said Better Collective CEO Jesper Søgaard in a statement. “We have assessed various acquisition opportunities, searching for access to strong products and dedicated people with insight into this market.