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Gambling in the USA

Institutional Investors and Private Equity Firms Eye the $150 billion US Sports Betting Market

George Miller

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nstitutional Investors and Private Equity Firms Eye the $150 billion US Sports Betting Market
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The NYC Sports Betting Investor Summit brings analysts, fund managers and investors to New York on November 4th to meet Sports Betting license holders, operators and key suppliers.

 The American investment community is not just aware of the $150 billion opportunity legalized sports betting brings, but is actively seeking to learn more about the market and meet its key players.

On November 4th, Clarion Gaming, organizers of the world’s largest gambling event, ICE London, will host The NYC Sports Betting Investor Summit. This event will give the investment community a chance to hear from and meet Sports Betting executives and to debate key questions such as: who will the market share winners be; which will prove to be the most successful partnerships; and could there be continued M&A driven by the theme. The summit will host institutional investors, private equity firms, family offices, venture capitalists, analysts and private wealth managers looking to invest in the legalised US sports betting market. This event will focus on the key elements of the sports betting value chain and identify opportunities for investors, operators and suppliers.

“This is one of the more interesting investment opportunities in US right now” said Christopher Smith of The Firmament Group.

Smith continued, “With a latent demand for betting already in place, the rapid uptake of legislation in several states and proven products and technology to service the demand, it’s a sector that has come to the attention of the private equity community, and has new  investors, who had in the past not been interested in gaming and leisure, looking for information and deal flow in the space.”

The Summit will see CFOs, CEOs, Investor Relations teams and owners of gaming companies and their suppliers meet with institutional investors, private equity groups, hedge funds, venture capitalists, family offices, investment advisors and asset managers as both sides of the deal look to maximize the opportunity the legalization of sports betting brings.

“I have been getting more and more calls from investors that have never invested in this sector before, asking for investment opportunities in US sports betting. It has become so overwhelming, that it’s time for a summit where Wall Street could meet the key players in the betting market,” said Michael Caselli, [industry veteran and current non-executive Chairman at Clarion Events], who adds, “The American sports betting opportunity is by far the greatest opportunity in the sector since the advent of internet gaming 20 years ago.”

 

About the NYC Sports Betting Investor Summit:

The NYC Sports Betting Investor Summit, hosted by Clarion Gaming and co-sponsored by Morgan Stanley, will be held in New York City on November 4th, 2019. The Summit is the first of two back-to-back events in New York that week, and is followed by the Sports Betting USA Conference, also hosted by Clarion Events.

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Gambling in the USA

Sportradar Appoints Werner Becher as New Managing Director of U.S. Betting

George Miller

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Sportradar Appoints Werner Becher as New Managing Director of U.S. Betting
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Former Interwetten CEO brought in to further enhance Sportradar’s growth and expansion in U.S. betting market

Sportradar, the world’s leading provider of sports data and content, today announced the appointment of Werner Becher as its new Managing Director of U.S. Betting.

Becher most recently served as CEO of Interwetten, where he was responsible for the global strategic positioning of the sports betting operator, more than doubling the organisation’s revenue during his seven-year tenure.

In his new role at Sportradar, Becher will be focused on the growth, development and execution of the company’s betting strategy in the U.S. Werner, who has 25 years’ experience in the digital sector, will be located in Sportradar’s New York office.

“We are delighted to welcome Werner as our Managing Director of U.S. Betting,” said Carsten Koerl, Chief Executive Officer, Sportradar. “Since we first opened for business in the U.S. several years ago, we have experienced the rapid growth of sports betting in the region and fully expect this to continue for many more years as new states regulate. I am confident that Werner’s deep expertise will help us to both maximise the tremendous opportunity we have to grow our market share and further enable the expansion of this key market.”

“On behalf of the board, we are extremely pleased that Werner has joined us to steer the company’s sports engagement platform in the U.S. Due to our continuing global success and strong balance sheet we will continue to be focused on deploying capital that helps us meet the accelerating needs of our clients through organic and inorganic investments for our U.S. and global clients, like our recent acquisition of Optima,” said Tony Aquila, Chairman of the Board, Sportradar.

Werner Becher, MD of U.S. Betting, Sportradar, said: “I am thrilled to have joined Sportradar during such an exciting period. I look forward to working closely with Carsten, Tony and management to grow our market share and ensure the future success of the organisation.”

Becher’s career to date has also seen him lead the development of several highly successful software and digital companies within the IT business community, including spending eight years as CEO of Austrian IT service provider Adesso before joining Interwetten.

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Gambling in the USA

Interblock Gaming’s Stadium chosen as Land-Based Product of the Year at Global Gaming Awards Las Vegas

George Miller

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Interblock Gaming's Stadium chosen as Land-Based Product of the Year at Global Gaming Awards Las Vegas
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Luxury gaming manufacturer and electronic table game (ETG) market leader Interblock® today announced they had taken victory at this year’s Global Gaming Awards Las Vegas, securing the prize in the Land-based Product of the Year category for its Stadium product. Stadium was chosen ahead of nine competing products that were also nominated, in a category sponsored by Evolution Gaming. The category was decided by an esteemed Judging Panel made up of 100 leading industry executives.

The Awards were presented at a prestigious ceremony held at the Sands Expo Convention Center as part of the G2E show. Each Award was decided by an esteemed Judging Panel made up of 100 leading industry executives.

Now in their sixth year, the Global Gaming Awards Las Vegas recognize and celebrate achievements made across the industry in the past 12 months. Winning a Global Gaming Award is a clear sign of success for any organization and defines the winning company as one of the market leaders.

John Connelly, Interblock CEO, said: “When gaming executives across the industry are voting, it gives Awards such as this, all the more significance. We’re very honored the industry has recognized the innovation of our Stadium product and intend to take this to the next level in 2020.”

The Global Gaming Awards are powered by Gambling Insider in association with G2E, and are officially adjudicated by KPMG Isle of Man. Online and land-based gaming solutions provider BetConstruct was the Lead Partner of this year’s Awards.

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Gambling in the USA

Full House Resorts Partners with Wynn Resorts in Indiana and Colorado

Niji Narayan

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Full House Resorts Partners with Wynn Resorts in Indiana and Colorado
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Full House Resorts Inc. has entered into two new agreements with WSI US LLC, a wholly-owned subsidiary of Wynn Resorts, allowing online/mobile sports wagering throughout Indiana and Colorado.

“We are excited to partner with Wynn Resorts, allowing them to conduct mobile sports wagering throughout Indiana and Colorado. Wynn Resorts is renowned for its unparalleled focus on guest service and as the premier operator in the gaming industry. We are thrilled to see them bring their unique vision to the online space, beginning with the residents of — and many visitors to — Indiana and Colorado,” Daniel R. Lee, President and Chief Executive Officer of Full House Resorts said.

With the new agreements, the Company has now utilised all of its allowed sports wagering opportunities in Indiana and Colorado.

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