LONDON, May 16, 2018 /PRNewswire/ --
US's largest legal online account
wagering platform for horseracing selects SBTech for iGaming
platform and sports betting solutions as US market expands with
repeal of PASPA
SBTech announced today the signing of a long-term agreement with
Churchill Downs Incorporated (CDI) to provide its integrated
technology platform for sports betting and iGaming solutions across
the United States.
(Logo:
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This marks the first partnership of its kind between an
award-winning European platform provider and a leading US
multi-jurisdictional racing and gaming operator since the US
Supreme Court's historic decision overturning the federal ban on
sports betting.
"We are thrilled to have Churchill Downs as our first US
partner," said Richard Carter, CEO
of
SBTech. "Churchill is not only an iconic brand with the largest
on-line horse race wagering business in the US, but it is also one
of the fastest growing gaming operators in the nation. The
combination of Churchill's leading presence in the US market,
coupled with SBTech's deep expertise in regulated sports betting
markets globally, makes for an ideal partnership as we enter this
monumental chapter in the US gaming industry."
SBTech has been preparing for entry into the US market with a
keen focus on development of the most entertaining sports and
iGaming products, and will work in close partnership with Churchill
to deploy a cutting edge platform designed to engage the world's
largest sports centric audience.
Subject to the unfolding of the regulatory landscape and
relevant licensing approvals, SBTech will provide Churchill with
its powerful sports betting platform with unparalleled event
coverage, in addition to SBTech's Chameleon360 iGaming platform
with advanced player management services, high-end analytics,
anti-money laundering and responsible gambling features, robust
regulatory reporting and streamlined payments.
"We are very excited to partner with SBTech, which we believe
provides us with the industry leading platform to offer exciting,
innovative integrated iGaming and sports betting products," said
Bill Carstanjen, CEO of Churchill Downs. "We have the
unique opportunity to leverage our knowledge and experience as this
market emerges, and look forward to working with a global
technology leader in this space as we expand our operations across
the US."
Richard Carter, CEO of
SBTech added "We are thrilled to be partnering with Churchill
Downs and to introduce our award-winning iGaming and sports betting
platforms in the US, we both share a deep commitment to
technological innovation and excellence with responsible gaming at
the center of everything we do, and we look forward to partnering
with them during this exciting time in the history of the US gaming
market."
About SBTech
SBTech is a global leader in omni-channel sports betting and
gaming, with over 1,000 employees in 11 locations worldwide. Since
2007, SBTech has developed the industry's most powerful online
sports betting and casino platform, serving more than 50 licensees
in over 14 regulated markets.
SBTech's clients include many of the world's premier betting and
gaming operators, state lotteries, land-based casino and horse
racing companies, and iGaming start-ups. The SBTech offering
includes its Seamless Sportsbook, the Chameleon360 iGaming
Platform, Managed Services, and retail and omni-channel solutions
that provide players with constant access to sports and casino
products across all touchpoints: online, mobile and retail.
Backed up by unrivalled expertise in trading and risk
management, regulatory compliance, AML and KYC procedures,
acquisition and CRM, SBTech's partners consistently achieve rapid
growth, enhanced brand loyalty and peak profitability. Additional
information about SBTech can be found online at www.sbtech.com
About Churchill Downs Incorporated
Churchill Downs Incorporated (CDI) (Nasdaq: CHDN), headquartered
in Louisville, Kentucky, is an
industry-leading racing, gaming and online entertainment company
anchored by the iconic flagship event - The Kentucky Derby. CDI is
the largest legal online account wagering platform for horseracing
in the U.S., through ownership of TwinSpires.com and has announced
plans to enter the US real money online gaming and sports betting
markets. CDI is also a leader in brick-and-mortar casino gaming
with approximately 10,000 gaming positions in eight states.
SOURCE SBTech