SG Digital Prepares for U.S. Sports Betting with New Jersey's Division of Gaming Enforcement
LAS VEGAS, April 16, 2018 /PRNewswire/ -- Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") today announced that SG Digital has commenced sportsbook product review sessions with New Jersey's Division of Gaming Enforcement (DGE).
OpenBet™, SG Digital's market-leading sports betting solution, is getting ahead of the game and is fully prepared to ensure its ambitious partners are ready to launch their sportsbook offering should the U.S. Supreme Court decide to repeal the Professional and Amateur Sports Betting Association Act (PASPA), allowing legalized sports betting in the state of New Jersey.
Key to SG Digital's entry into the emerging U.S. sports betting landscape will be the addition of market-specific product enhancements to its platform, ensuring it meets the expectations of operators and consumers. In addition, the company is undertaking a recruitment drive to support the growth of the business, hiring a significant number of new people for a variety of roles across its multiple offices around the world.
Keith O'Loughlin, SVP Sportsbook and Platforms at SG Digital, said, "Legalized sports betting in the U.S. is an exciting prospect for us, and we're taking every step possible to ensure our product offering is fully compliant to hit the ground running when the marketplace eventually opens up beyond the current regulated states. OpenBet has built a strong reputation as a trusted sportsbook provider in Europe, and we're confident we can replicate that success in the U.S. and all other emerging regulatory territories. We have spent time considering U.S. customer needs and are focused on ensuring that the user experience is of high standard and can be delivered with speed."
Matt Davey, Group Chief Executive, SG Digital, said, "SG Digital has a strong presence in New Jersey with our Open Platform System (OPS) already certified in the state; our knowledge of the market will play an important part in preparing OpenBet for the marketplace. We work closely with the DGE to ensure responsible gaming experiences and congratulate the effort of the DGE and the state of New Jersey for taking progressive action to help create a safer sports betting market for the public."
"We are setting the foundations well in advance to help our partners establish themselves early in the emerging territory."
OpenBet is the world's leading sportsbook platform, delivering a scalable and reliable performance for industry leading operators across the globe. At the heart of its product offering is a fully managed sportsbook, combining the resilience and trusted nature of OpenBet technology in partnership with Managed Trading Services in a convenient, turnkey solution.
© 2018 Scientific Games Corporation. All Rights Reserved.
About Scientific Games (www.scientificgames.com)
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.
In this press release, Scientific Games makes "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "will," "may," and "should." These statements are based upon management's current expectations, assumptions and estimates and are not guarantees of timing, future results or performance. Therefore, you should not rely on any of these forwardlooking statements as predictions of future events. Actual results may differ materially from those contemplated in these statements due to a variety of risks and uncertainties and other factors, including those factors described in our filings with the SEC, including the Company's current reports on Form 8-K, quarterly reports on Form 10-Q and its latest annual report on Form 10-K filed with the SEC on March 3, 2017 (including under the headings "Forward Looking Statements" and "Risk Factors"). Forward-looking statements speak only as of the date they are made and, except for Scientific Games' ongoing obligations under the U.S. federal securities laws, Scientific Games undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.
Source: Scientific Games
Executive Vice President and Chief Financial Officer
Telephone: +1 702-532-7658
VP, Corporate Communications
Telephone: +1 702-532-7981