GVC inks sports betting deal with Stadium Technology Group

Sports Betting

GVC Holdings is pleased to announce that from today, its proprietary US sports betting platform, held in Stadium Technology Group, 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.”