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British bookmaker William Hill is reportedly poised to increase its already large presence in the American sportsbetting market after receiving unanimous permission from the Nevada Gaming Control Board yesterday to move ahead with its planned purchase of local rival CG Technology.”According to Simplebet, it is the first company to “crack the code” of using automation and machine learning to enable in-game betting on micro markets.Trying times:However, The Las Vegas Review-Journal reported that CG Technology, which moreover runs sportsbetting services inside The Venetian Las Vegas and this property’s 3,000-room The Palazzo hotel, has been fined for a number of high-profile violations since 2014 while more recently being hit hard by the coronavirus-induced sidelining of most American sports....
Micro-market betting will convert casual sports fans to sports bettors while capturing more revenue from existing users.“Simplebet is creating the opportunity to accelerate the adoption of sports betting to a broader audience and enhance the way fans consume sports.”...
“Initial product launch:In the coming weeks, the NYC-headquartered company will reportedly launch its first slate of products, after having already aligned itself with Marquee Sports Network to provide fans in Illinois with “at-bat-level” stats.”The company’s website breaks it down nicely…“In the same way daily fantasy sports introduced instant gratification to season-long fantasy sports, Micro-Markets are introducing instant gratification to sports betting....
“Initial product launch:In the coming weeks, the NYC-headquartered company will reportedly launch its first slate of products, after having already aligned itself with Marquee Sports Network to provide fans in Illinois with “at-bat-level” stats.League’s (NHL) New Jersey Devils and Crystal Palace FC; Jeff Mallett, the founding Chief Operating Officer and president of Yahoo, the principal partner of the Major League Baseball’s San Francisco Giants and the co-owner and executive chairman of Canadian professional soccer team, Vancouver Whitecaps FC; Steve Ellman, a former owner and chairman of professional ice hockey team, Phoenix Coyotes; and David Levy, a former president of Turner Sports.S....
—through data collection and data refinement all powered by machine-learning and automation.S. Micro-market betting will convert casual sports fans to sports bettors while capturing more revenue from existing users....
