888 extends deal with Delaware Lottery

UK-based gaming operator 888 Holdings has extended its agreement with the Delaware Lottery. The company has basically agreed to run the US state’s regulated iGaming platform for a next two years.

It was in 2013 that 888 first joined hands with the Delaware Lottery. It was the year in which the state became the first in the country to implement a comprehensive intrastate iGaming platform, which included poker, slots and bingo.

888 chief executive Itai Frieberger said: “This is yet another testament to the strength of our relationship and the quality of our proprietary technology that the Delaware Lottery has extended our five-year long contract for another two years.”

“Delaware is an iGaming pioneer and we are delighted to continue our partnership with a like-minded organisation that has innovation at its core.”

“888 has operated in regulated online markets in the US for 5 years and following the recent announcement on the potential regulation of US sports betting, we believe we are uniquely positioned to exploit the significant growth opportunities that may open up,” Frieberger added.

The contract extension follows the launch of shared poker liquidity earlier this month, when Delaware became part of 888’s tri-state poker network, pooling players from Delaware, New Jersey and Nevada on one platform.

 “The Delaware Lottery is very pleased to be able to continue its long running and successful partnership with 888,” said Vernon Kirk, director of the Delaware Lottery. “The lottery is especially excited as this extension allows Delaware the opportunity to join with New Jersey and Nevada in the Multi-State Internet Gaming Agreement operating on 888’s platform, a solution that we believe will greatly enhance our online players gaming experience.”

Shares in 888 Holdings plc (LSE:888) were trading down 0.43 per cent at 323.40 pence per share in London Tuesday morning, having set a new 52-week high of 326.60 pence per share earlier in the day.

Source: gamingintelligence.com