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According 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.“Simplebet is creating the opportunity to accelerate the adoption of sports betting to a broader audience and enhance the way fans consume 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....
Considerable 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.”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....
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.—through data collection and data refinement all powered by machine-learning and automation. “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....
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.”Simplebet’s mission, at a time when the sports betting market is on fire, “is to power the future of fan engagement.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....
Customer commitment:Joe Asher, Chief Executive Officer for William Hill US, reportedly told members of the Nevada Gaming Control Board that his firm intends to honor any outstanding wagering tickets written by CG Technology following the envisioned takeover and additionally wants to quickly migrate users of the firm’s mobile app across to its own corresponding service. “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.”Simplebet’s mission, at a time when the sports betting market is on fire, “is to power the future of fan engagement....
