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The executive purportedly declared that ‘it’s been quite a long road’ to getting the proposed transaction over the line but that its completion would also allow his company to assume responsibility for a betting platform and risk management consultinConsiderable concern:The newspaper reported that CG Technology, which was previously known as Cantor Gaming, began operations in Las Vegas eleven years ago and is now one of the city’s biggest players.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....

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“I saw a gigantic market opportunity to create a fan engagement platform making sports media rights even more valuable, combined with newly created sports betting revenue through sponsorships and interactivity in digital/mobile while also growing the sports betting handle in a nascent U. Micro-market betting will convert casual sports fans to sports bettors while capturing more revenue from existing users.With high hopes for the company, founder of Slane Advisory and a former senior vice president of public affairs at the American Gaming Association (AGA), Sara Slane, who is also a Simplebet investor, reportedly said in the company’s press release…“The innovative products that Simplebet is bringing to the sports betting arena are going to be a game changer....

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Accordkeno live arvonta epzwing to a Wednesday report from Las Vegas Review-Journal newspaper, the London-listed operator inked a deal in November that is to see its William Hill US subsidiary buy the Nevada-based firm for an undisclosed amount so as to take over the running of sportsbetting inside six Las Vegas casinos.Market opportunity:Commenting on the opportunity, Chief Executive Officer for Simplebet, Chris Bevilacqua, said…“Back in 2018, I saw a unique market opportunity approaching with valuable sports media rights colliding with the sports betting industry—especially after PASPA repeal here in U.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....

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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.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.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....

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”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.”Simplebet’s mission, at a time when the sports betting market is on fire, “is to power the future of fan engagement.“Simplebet is creating the opportunity to accelerate the adoption of sports betting to a broader audience and enhance the way fans consume sports....

 

 

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