SBTech secures second US partnership

News on 2 Jul 2018

SBTech has secured its second major US partnership after Churchill Downs with Resorts Casino Hotel (RCH) for the provision of sports betting services across online and on-property channels in the New Jersey market, subject to regulatory approvals.

Under the terms of the deal, RCH will launch SBTech’s sportsbook solution including a fully integrated on-property and omni-channel offering, backed by fully managed risk management services.

In addition, the partnership will also see RCH fully outsource its risk management and trading to SBTech.

“Proprietary trading operations will enable SBTech to implement a bespoke risk management strategy, allowing Resorts to achieve genuine differentiation in a crowded field and be in full control of their liabilities and not be influenced by a wider pool-based risk management,” a presser reads.

Commenting on the deal, Richard Carter, CEO of SBTech said: “Our strategic partnership with Resorts represents the next stage of our long-planned penetration of the US market.

“SBTech’s renowned commitment to delivering leading-edge solutions across all channels and intelligent responsible gaming infrastructure will help us develop a sports betting offering that will benefit our partners and promote best practice and the strongest levels of consumer protection.”

Mark Giannantonio, President & CEO of Resorts Casino Hotel, added: “After conducting a comprehensive selection process to find the right sports betting supplier, we feel that SBTech offers the right combination of deep regulatory expertise in the world’s most dynamic and demanding markets and the scalability to support our ambitious multi-vertical plans.”

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