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 via a multi-year PlaySports innovation arrangement with long-time sports betting operator, Betfred.
Under the terms of the agreement, Betfred is leveraging IGT PlaySports technology to power retail and mobile sports wagering at the Mohegan Sun Sportsbook inside Virgin Hotels Las Vegas, part of Curio Collection by Hilton. This arrangement underpins the first IGT-powered Betfred sportsbook in the U.S. and Betfred's entry into the Nevada betting market.
" IGT PlaySports' exceptional track record and influence in the U.S. sports betting market, coupled with their capability to browse intricate regulatory environments, offer Betfred supreme self-confidence in our option to partner with IGT in Nevada," stated Bryan Bennett, COO of Betfred USA Sports. "IGT PlaySports' knowledgeable, in-market group and proven innovation will enable Betfred to scale our operation in parallel with market chances and to establish a competitive and appealing wagering experience in the most amazing gaming destination in the world."
" I went to the current Gaming Control panel hearing to see Fred Done in individual. He is a legend in bookmaking and Betfred is one of the most famous brand names in the sports wagering industry. It's an honor to work with Fred's group in the U.S. as they present the Betfred product in Nevada," said Joe Asher, IGT President of Sports Betting. "IGT PlaySports looks forward to using our huge experience in Nevada and beyond to assist Betfred develop a successful sportsbook that will appeal to local sports fans and visitors alike."
Betfred will first introduce retail betting, then aim to follow-up with a mobile launch in the future. IGT is powering sports betting at more than 80 gaming venues across the U.S. and Canada. To learn more see igt.com/playsports or follow us on LinkedIn.
About IGT
IGT (NYSE: IGT) is a worldwide leader in gaming. We deliver amusing and accountable video gaming experiences for gamers across all channels and regulated segments, from Lotteries and Gaming Machines to Sports Betting and Digital. Leveraging a wealth of compelling material, substantial financial investment in innovation, player insights, functional expertise, and leading-edge technology, our services provide unequaled video gaming experiences that and drive development. We have a reputable local presence and relationships with federal governments and regulators in more than 100 nations around the globe, and create value by adhering to the greatest requirements of service, stability, and duty. IGT has around 10,500 workers. For more details, please check out www.igt.com.
About Betfred USA SPORTS
Betfred USA Sports is the entirely owned U.S. subsidiary of Betfred Group, a Warrington, United Kingdom-based bookmaker that owns and operates over 1,400 wagering stores in the UK in addition to industry-leading online and mobile products in the UK and South Africa. Betfred Group, established by bros Fred and Peter Done in 1967, developed Las Vegas-based Betfred USA Sports in 2019 to get in 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.