Pro-Sports Betting Forces Weighs in on Supreme Court Decision
Barry Cottle, CEO SG Interactive and incoming President & CEO of Scientific Games, says:
On May 14, 2018 the Supreme Court of the United States overturned the Professional and Amateur Sports Protection Act (PASPA), a decision that opens up a path to legalization of sports betting across the country. This decision will potentially bring about the greatest wave of gaming expansion in the United States in the past 20 years. This is certainly an exciting development for our industry, our customers and our company.
Scientific Games is uniquely equipped to help our customers capitalize on this new sports betting opportunity. As an end-to-end supplier, we will provide operators with SG Digital’s OpenBet™, a global leading sports platform solution, and our integrated gaming and lottery systems technologies that currently support our customers around the world. I have full confidence that our Digital and Lottery teams will underpin this ruling with world-class customer service and speed-to-market solutions for all stakeholders.
Experience the interactive Multichannel News Release here: https://www.multivu.com/players/English/8256551-scientific-games-discusses-paspa-repeal/
Matt Davey, Group Chief Executive of SG Digital, says:
The U.S. Supreme Court’s decision today creates an unprecedented opportunity for sports betting providers and operators, and most of all sports betting enthusiasts in the US. We’re excited to see this first step toward legalization, and we are well advanced in working with our lottery and gaming partners on solutions to fit their individual needs.
The market growth expected as a result of this decision will have lasting impact on the U.S. gaming and lottery industry, and on the revenues generated for the states that participate.
While the ruling certainly benefits operators and suppliers, it’s also a fantastic development for bettors and players. Soon, they’ll have cohesive, legal, and regulated solutions that allow them to bet in a safe and protected betting environment.
Legalized sports betting is an exciting prospect for Scientific Games, and we ensure that our product offering is fully compliant with all forthcoming regulations. We plan to hit the ground running with our OpenBet product suite and our integrated systems technology to create a seamless experience for our customers and their players.
Pat McHugh, SVP Global Lottery Systems, says:
This is an historic move forward for the U.S. gaming and lottery industry. Legalized sports wagering will allow our lottery customers to provide an entertaining product to their players, all while generating significant revenue for states and lottery beneficiaries.
Beyond the excitement, legal sports betting will offer Americans the ability to place secure bets using trusted technology that meets all regulatory requirements and protects the wager, the consumer and the lottery or gaming organization.
Scientific Games is proud to be a global leader in sports betting and lottery systems technology, responsible gaming and gaming consumer research. We have long awaited this ruling, and are more than ready to help our lottery customers achieve their business goals with the combination of our OpenBet product suite – one of the top sports betting platforms in the world – and our integrated systems technology and expertise, our commitment to responsible gaming, and our deep knowledge of our lottery consumers and marketing strategy.
Scientific Games experts discuss potential of PASPA to change the gaming and lottery landscape and the power of the Company’s offering:
Facing a New Frontier in Sports Betting
European Gaming Interview with Chris Armes, Group Chief Technology Officer
Scientific Games Reveals OpenBet Cheltenham Festival Figures
SG Digital Begins Sportsbook Certification Process with NJ Regulator
Scientific Games’ Sports Platform A Powerful Competitor, European Lotteries Magazine
For more information, see our responses to frequently asked questions.
About Scientific Games
Scientific Games Corporation (NASDAQ: SGMS) is a world leader in gaming entertainment offering the industry’s broadest and most integrated portfolio of game content, advanced systems, cutting-edge platforms and professional services. The company is #1 in technology-based gaming systems, digital real-money gaming and sports betting platforms, casino table games and utility products and lottery instant games, and a leading provider of games, systems and services for casino, lottery and social gaming. Committed to responsible gaming, Scientific Games delivers what customers and players value most: trusted security, engaging entertainment content, operating efficiencies and innovative technology. For more information, please visit www.scientificgames.com.
