IGT Secures Sports Betting License in West Virginia

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Casino operator in West Virginia will now be able to partners with International Game Technology (IGT) for sport betting ventures after the company was granted an interim license by the West Virginia Lottery Commission. With this approval, the casino operators will now be able to use IGT’s PlayShot integrated sports betting platform.

“Receiving approval from the West Virginia Lottery Commission to deploy IGT’s PlayShot sports betting solution throughout the State continues IGT’s momentum in pioneering sports betting across the U.S., and creates additional new market opportunities for IGT,” said Enrico Drago, IGT Senior Vice President PlayDigital. “This distinction acknowledges the reliability, security, and market-readiness of IGT’s PlayShot solution, and creates opportunities for IGT to further differentiate our sports betting solution in the marketplace.”

Sports betting in the United States has been subject to a number of pivotal changes that are expected to change the face of gambling in the country. Sports betting providers such as IGT are looking to take advantage of the new legal sports wagering market and by receiving the West Virginia license, the New York-listed IGT has made yet another important step towards achieving its goals.

The gaming technology specialist company already powers retail betting operations allowing customers to place a variety of pre-game and in-game bets over the counter at a number of locations in the country.

Rhode Island Is a Go

At about the same time that its license was granted in West Virginia, IGT announced that it and its commercial partners William Hill U.S. have been chosen by the Rhode Island Lottery to be the end-to-end sports betting service providers in the state. IGT will be responsible for providing the sports betting platform while the William Hill will be handling the risk management and sports betting operation services at Rhode Island’s licensed video lottery and table game facilities.

“We are pleased that Rhode Island is the first lottery to set up sports betting operations post-PASPA,” said Renato Ascoli, IGT CEO, North America. “IGT is a leading and proven supplier of sports betting technology in the U.S. The combination with William Hill, a leading sports betting operator in the U.S., uniquely positions us to provide the Rhode Island Lottery with a comprehensive, market-ready solution to maximize sports betting revenues and returns to good causes for the state of Rhode Island.”

The state is clearly moving fast to tap into the lucrative sports betting market that was opened up by the Supreme Court ruling that repealed PASPA in May. Once the offerings go live, the state will receive a 51 percent portion of the share with the vendor and the casinos getting 32 and 17 percent respectively. This is quite reasonable and will, therefore, have a positive impact on the industry in the long run.

“IGT is a world-class gaming technology company and we could not be more happy to partner with them to provide a world-class sports betting solution for the state of Rhode Island,” commented Joe Asher, CEO, William Hill U.S.

Esports Betting Platform Luckbox Nabs Isle of Man Online Gaming Permit

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Luckbox has long been one of the top contenders in the Esports world as far as sports betting is concerned. More people have been attracted to the Esports scene thanks to the unique opportunities for participation that the platforms such as the Bitcoin-powered Luckbox have been offering.

Things are about to get even better for both the company and its customers following a recent announcement that the company has obtained its own Isle of Online Gambling Regulation Act licensing, making it the very first Esports betting operator to acquire a license of that kind.

The license that is now held by Real-Time Games Holdings Limited, the company behind the Luckbox brand, was issued by the Gaming Supervision Commission and falls under the umbrella of the Online Gambling Regulation Act (OGRA).

The Online Gambling Regulation Act ensures that online gaming operators carry out their activities in compliance with the strict regulation in the jurisdiction – this a measure put in place to ensure that the players are only presented with the highest level of safety and security when they place wagers online.

Luckbox chose to pursue the license from the Online Gaming Regulation Act simply because the license is considered to be one of the most reputable gambling licenses in the globe – it requires all player funds to be held in mechanisms that guarantee players of compensation in case an operator goes into liquidation.

In addition to this, the licenses will allow Luckbox to accept cryptocurrency, fiat as well as in-game items as currency for game transactions. It joins some other outstanding brands such as FullTilt, SBO, PokerStars, Quanta and 188Bet that are also holders of OGRA licenses.

“This is a significant milestone for our project. As well as building an industry-leading product, having a top-tier license is what sets us apart. It offers the best protection for players and opens up fantastic opportunities for us as a business, not least enabling access to compliant marketing channels, the ability to be listed on mobile app stores, as well as accessing traditional gambling infrastructure developed over the past two decades,” Luckbox chief executive officer, Lars Lien said.

“Having received the OGRA license, established a brilliant development team and now being confident with our infrastructure partners, I am confident we will deliver an amazing product early next year that will be very hard to copy. All in all, it is fantastic news for the team and all those who have supported us so far – we are so grateful for your help.”