Foreign companies flock into American online gambling sector
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As the online sports betting sector in the USA is going to undergo a revolution, following the US Supreme Court’s ruling that allows individual states to formulate its own rules and regulations for online sports betting, a number of companies are jumping into the betting bandwagon. Many of these companies are foreign.
Take a recent deal announcement from MGM, about a 25-year joint venture with GVC to provide online casino, poker, and sports betting.
GVC is a British company. The other eight companies GVC compares itself to are:
- Bet365 – British
- PaddyPower Betfair – British
- William Hill – British
- The Stars Group (incl Sky Betting and Gaming) – Canadian
- Kindred Group – wedish
- Betsson – Swedish
- 888 Holdings – British
- Jackpotjoy (owner of Intertain) – British
Now take the case of companies that provide software and technology support to the betting industry.
- Kambi – Swedish
- IGT – Italian
- SBTech – Isle of Man
- SportRadar – Norwegian/Swiss
- BetGenius –British
- Mionmi– British/international
- CG Technologies – USA
- Scientific Games – USA
There are only two companies based in the USA.
This situation is likely to change in the future, may be well within a decade or so. More US companies are likely to emerge as sport betting become popular in the country.
Source: playusa.com / Joss Wood
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