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OpenBet Reports 22% Rise in Betting Activity on Cheltenham’s Gold Cup Race

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OpenBet, a leading platform, content and service provider to the global sports betting industry, saw exponential activity across its market-leading sportsbook platform during Cheltenham Festival 2023, processing just over half a billion transactions during the prestigious four-day national hunt racing meeting.  

This year’s event was packed with memorable moments, including Paul Townend and seven-year-old Galopin Des Champs winning the Gold Cup. Interest in the race was high amongst bettors, with OpenBet experiencing a 22% rise in activity compared to last year’s event. Elsewhere, Rachael Blackmore secured a fairytale ending for the popular Honeysuckle, who was victorious in the Close Brothers Mares’ Hurdle ahead of the horse’s retirement.  

Key highlights across OpenBet’s customers included: 

·         More than 65 million bets processed  

·         Average stakes of £7.84 for singles in all Win & Each Way markets during the festival  

·         A handful of lucky punters scooped six-figure payouts backing Galopin Des Champs in the Gold Cup race on Day 4 

 

OpenBet’s customers, including major brands across Flutter Entertainment and Entain, were once again able to combine increased demand with seamless betting experiences for their racing fans. Underpinned by OpenBet’s powerful platform technology, customers enjoyed exceptional performance and 100% uptime across all events.  

Jordan Levin, CEO at OpenBet, said: “I am thrilled with the success that our OpenBet teams and customers achieved during the iconic Cheltenham Festival. The world’s leading sports betting brands rely on our people and technology for exceptional entertainment experiences at the biggest events in the sporting calendar. The 2023 meeting demonstrated the tremendous partnership between our valued customers and OpenBet’s tech and operations, supporting the highest peak bets levels across most of our operator base, which is why so many of our customer relationships span decades. 

“We’re deep into the final stages of testing and preparation for the Grand National on April 15th and look forward to delivering another seamless experience for our customers and their racing fans.”  

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Resorts World Genting Shuts Two of its Three Casinos for Upgrades

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Genting Bhd’s Resorts World Genting has temporarily closed two of its three casinos.

The announcement was posted on the company’s website that Genting Casino 1 (Circus Palace) and Genting Casino 2 (Hollywood) are now closed, effective from February 28, 2024 until further notice for upgrades.

“In our ongoing effort to improve our operational efficiency and enhance the gaming and entertainment experience for our guests, we continuously upgrade our facilities. This will involve temporarily closing certain sections of our casino to facilitate the improvements,” reads the message on its website.

“Our gaming operations continue to operate as usual.”

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CT Interactive’s Content is Live at Bet365

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CT Interactive has announced that it has successfully integrated its content into the renowned bet365’s Games platform.

Lachezar Petrov, CEO of CT Interactive, said: “The integration of CT Interactive’s content on bet365 is a significant achievement that highlights our commitment to providing unique gaming experiences. We are proud to collaborate with bet365 and believe that this partnership will not only enhance our position in the Bulgarian market but will also open doors to new opportunities in other markets served by this industry-leading brand.”

Through this agreement, players of bet365 will have the opportunity to enjoy games like 40 Treasures, Chilli Fruits, 20 Star Party and many others.

bet365’s spokesperson said: “We are excited to welcome CT Interactive’s content to our Games platform. bet365 is committed to offering our players the best and most diverse gaming experiences, and the addition of CT Interactive’s innovative games aligns perfectly with our mission.”

With this integration, both companies aim to deliver unparalleled entertainment to a wider audience, solidifying their positions as leaders in the iGaming industry.

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IGT’s Global Gaming and PlayDigital Businesses to Combine with Everi, Creating a Comprehensive Global Gaming and FinTech Enterprise

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International Game Technology PLC and Everi Holdings Inc. announced their entry into definitive agreements pursuant to which IGT will separate its Global Gaming and PlayDigital businesses by way of a taxable spin-off to IGT shareholders and then immediately combine such businesses with Everi to create a comprehensive and diverse global gaming and fintech enterprise.

Under the terms of the agreements, at closing, IGT shareholders are expected to own approximately 54% and Everi stockholders are expected to own approximately 46% of the shares in the combined company. The transaction has been approved unanimously by all voting members of the IGT Board of Directors and Everi Board of Directors. The deal values the combined businesses at approximately $6.2 billion on an enterprise value basis.

“As previously announced, IGT’s Board of Directors embarked on a review of strategic alternatives for our Global Gaming and PlayDigital businesses as a way to unlock the intrinsic value of our portfolio of industry-leading assets. The transaction announced today is a key milestone in that process. The transaction will combine two robust gaming platforms with complementary capabilities, geographic footprints, and enhanced growth opportunities. It also facilitates the separation of IGT’s Global Gaming and PlayDigital businesses from our Global Lottery business, resulting in a pure play global lottery business. After closing, IGT’s shareholders will continue to own one hundred percent of IGT’s Global Lottery business, which is positioned for long-term success, and will own a majority of a combined company that offers global gaming, digital and fintech,” Marco Sala, IGT Executive Chair of the Board, said.

“We are bringing together two businesses with complementary strengths that are stronger and more valuable together. The combination results in a comprehensive and diverse product offering, addressing more aspects of the gaming ecosystem across land-based gaming, iGaming, sports betting, and fintech. The creation of separate gaming and lottery companies, each with experienced management teams and simplified business models, better positions each company to service customers and create significant value for stakeholders,” Vince Sadusky, CEO of IGT, said.

“We believe this merger combines two highly complementary businesses in a transformational manner, creating a global, land-based and digital gaming, fintech and systems business. We expect the combined company will deliver a comprehensive range of products and services that will engage gaming patrons and drive efficiencies and revenues to our customers,” Michael Rumbolz, Executive Chairman of Everi, said.

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