5 June 2018
GVC Holdings PLC
(“GVC” or “The Group”)
GVC’s Stadium Technology Group First to Market on Day One of
Post-PASPA Sports Betting in Delaware
GVC Holdings is pleased to announce that from today, its proprietary US sports betting platform, held in Stadium Technology Group (“Stadium”), will be powering the first single-game sports bets accepted in the US state of Delaware, on day one of a new regulatory framework, enabled following the repeal of the PASPA on 14 May.
Delaware’s pre-existing regulation, permits a full-scale sports betting offer. Initially, a full sports offering will be available at the state’s three casinos. Previously sports betting in Delaware had been restricted to ‘parlay-betting’ – a strictly limited form of accumulator betting. Parlay bets will continue to be offered in over 100 other retail locations throughout the state, powered by Stadium.
From today (1.30PM EDT, Tuesday 5 June 2018), Stadium’s software will be used to power sports betting at the state’s casinos, with the existing system capability to rollout to the other 100+ licensed locations, demonstrating the company’s unparalleled position as a US-ready, regulatory compliant software provider, capable of delivering market ready solutions in the shortest possible timeframes.
Stadium, which already provides the software used in 16 of the 20 licensed sports books in the state of Nevada, offers an omni-channel, fully integrated sports betting solution which will enable partners to have a live sports betting offer ahead of the forthcoming NFL season, in states where legislation is revised to permit it.
Commenting on the announcement, GVC’s Director of Development and Corporate Strategy, Adam Greenblatt said:
“We are delighted to be up-and-running as the first – and currently only – provider with a market ready solution for our partners in the new regulatory environment. As legislation evolves in the post-PASPA world, having the capability and flexibility to be able to get to market fast, with proven and compliant technology, is a key advantage for us.
“This small but important step on the pathway of regulatory reform in the US sports betting and iGaming market, shows the preparedness of GVC to take an active part in the development of the sector. We believe the Group’s proprietary, omni-channel technology coupled with our extensive US and international operating experience and trading expertise, positions us for long-term success.”
For further information contact:
GVC Holdings PLC
Jay Dossetter: +44 (0) 20 7337 0100
GVC Holdings PLC is one of the world’s largest sports betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports Brands include bwin, Coral, Crystalbet, Eurobet, Ladbrokes and Sportingbet; Gaming Brands include CasinoClub, Foxy Bingo, Gala, Gioco Digitale, partypoker and PartyCasino.
The Group owns proprietary technology across all of its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis. GVC acquired Ladbrokes Coral Group plc on 28 March 2018 and is now the UK’s largest high street bookmaker, with over 3,500 betting shops. The Group, incorporated in the Isle of Man, is a constituent of the FTSE 250 index and has licences in more than 20 countries, across five continents.
For more information see the Group’s website: www.gvc-plc.com
About Stadium Technology Group
Stadium Technology Group is the software company founded in 2009 and headquartered in Las Vegas, NV. Stadium provides full featured innovative risk management software solutions to regulated gaming operators for their race and sports books. Our customers are located throughout Nevada, Delaware and the Caribbean.
For more information see the Comapny’s website https://www.stadiumtechnologygroup.net/