Under The Terms Of The Agreement
LONDON, Feb. 13, 2023/ PRNewswire/ - International Game Technology PLC (" IGT") (NYSE: IGT) revealed today that the Company expanded its sports betting footprint in Nevada by means of a multi-year PlaySports technology agreement with long-time sports betting operator, Betfred.
Under the regards to the contract, Betfred is leveraging IGT PlaySports innovation to power retail and mobile sports wagering at the Mohegan Sun Sportsbook inside Virgin Hotels Las Vegas, part of Curio Collection by Hilton. This agreement underpins the very first IGT-powered Betfred sportsbook in the U.S. and Betfred's entry into the Nevada wagering market.
" IGT PlaySports' impressive credibility and influence in the U.S. sports wagering market, paired with their ability to browse complicated regulatory environments, offer Betfred supreme confidence in our option to partner with IGT in Nevada," stated Bryan Bennett, COO of Betfred USA Sports. "IGT PlaySports' experienced, in-market team and proven innovation will make it possible for Betfred to scale our operation in parallel with market opportunities and to establish a competitive and appealing wagering experience in the most exciting video gaming destination in the world."
" I participated in the recent Gaming Control panel hearing to see Fred Done in person. He is a legend in bookmaking and Betfred is among the most famous brands in the sports wagering market. It's an honor to work with Fred's team in the U.S. as they introduce the Betfred item in Nevada," stated Joe Asher, IGT President of Sports Betting. "IGT PlaySports anticipates using our large experience in Nevada and beyond to assist Betfred create an effective sportsbook that will interest regional sports fans and visitors alike."
Betfred will initially introduce retail wagering, then want to follow-up with a mobile launch in the future. IGT is powering sports betting at more than 80 gaming places across the U.S. and Canada. To learn more visit igt.com/playsports or follow us on LinkedIn.
About IGT
IGT (NYSE: IGT) is a global leader in video gaming. We deliver amusing and accountable gaming for gamers throughout all channels and regulated sectors, from Lotteries and Gaming Machines to Sports Betting and Digital. Leveraging a wealth of engaging material, substantial financial investment in development, gamer insights, operational knowledge, and leading-edge technology, our services deliver unparalleled gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 countries worldwide, and develop worth by adhering to the greatest requirements of service, integrity, and obligation. IGT has roughly 10,500 staff members. To learn more, please go to www.igt.com.
About Betfred USA SPORTS
Betfred USA Sports is the completely owned U.S. subsidiary of Betfred Group, a Warrington, United Kingdom-based bookmaker that owns and operates over 1,400 betting stores in the UK as well as industry-leading online and mobile products in the UK and South Africa. Betfred Group, established by siblings Fred and Peter Done in 1967, produced Las Vegas-based Betfred USA Sports in 2019 to enter the robust and ever-expanding U.S. sports betting market. Betfred USA Sports is accredited in Iowa, Pennsylvania, Colorado, Louisiana, Arizona, Washington, Maryland, Virginia, Ohio and Nevada.