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Scout Gaming and Metric Gaming Target US Betting Market Through New Partnership

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Scout Gaming and Metric Gaming have entered into a partner agreement for a co-offering primarily targeted at the regulated US market.

The agreement provides both companies with reciprocal access to each other’s products and allows them to establish a leading global offering consisting of sports betting, fantasy sports and pool betting.

Scout Gaming and Metric Gaming have experienced an increased demand for their respective products in the US after the US Supreme Court’s ruling to suspend a federal ban on sports betting in New Jersey earlier this year, the so-called PASPA (Professional and Amateur Sports Protection Act of 1992). Since fantasy sports has a long-standing heritage in the US market, it is expected to remain an important part of the gaming market going forward.

“We are experiencing interest from operators ready to launch a sportsbook offering in the United States as well as parties that have already launched,” said Scout Gaming CEO Andreas Ternström.

The partnership, which is non-exclusive, states that Metric Gaming and Scout Gaming will jointly develop new products with the ambition to coalesce sports betting and fantasy sports games. Furthermore, as part of the agreement, Metric Gaming will provide traditional sports betting products for Scout Gaming’s Betflex application.

“Metric Gaming has a world-class sportsbook which, like our platform, is based on the latest technology. Through the collaboration, a leading offer for the American market, where Metric Gaming resides, will be created. At the same time, Scout Gaming gets an even broader offering for the European market by gaining access to sports odds”, added Andreas Ternström.

“We see great potential in the partnership with Scout Gaming since our products complement each other perfectly. To come up with a full-scale offering consisting of the two best products on the market is something I believe will be nothing short of successful,” said Metric Gaming’s CEO, Martin De Knijff.

Metric Gaming’s global executive team will be showcasing the company’s state-of-the-art technologies and services at G2E Las Vegas, Stand 2823, which takes place at Sands Expo from the 9th – 11th October.

 

For additional information, please contact:

Will Harris, Metric Gaming

commercial@metricgaming.com

www.metricgaming.com

 

Andreas Ternström, CEO, Scout Gaming

Tel: +46 706 770 660

andreas.ternstrom@scoutgaminggroup.com

www.scoutgaminggroup.com

 

About Metric Gaming LLC:

Metric Gaming, a B2B sports betting services provider to the regulated Gaming industry, is run by former Executives of the most established Betting and Gaming brands. Metric Gaming is a B2B sports betting provider that knows how to think B2C.  Metric’s proven, modular and enterprise-level technology platform delivers a highly configurable product offering with multi-channel and multi-territory differentiation capabilities designed to exploit an ever more divergent international regulatory landscape.

Supported by industry leading betting content & features, as well as a professional trading team, Metric Gaming is well placed to set the benchmark for the industry, including the highly anticipated US sports betting market.

 

About Scout Gaming Group:
Scout Gaming Group is a licensed and regulated provider of B2B Daily Fantasy Sports and pool betting. The company offers a flexible and customizable network-based Fantasy Sports solution with support for most sports and leagues through an in-house StatCenter which also provides real-time information to players. Local sports can be provided on request. The Group has approximately 65 staff and is headquartered in Stockholm, Sweden with development and operations in Bergen, Norway and Lviv, Ukraine. Sales, support and product management is handled from the office in Malta.

 

Source: Latest News at European Gaming Media

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UNITE HERE Warns About Potential Gaming Tax Revenue Declines, Job Cuts, and Other Problems of Proposed Merger of Eldorado Resorts and Caesars Entertainment

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Eldorado Resorts and Caesars Entertainment jointly announced a proposed transaction to combine the two corporations, pending shareholder and regulatory approvals. The deal is to be based on $7.2 billion of new debt financing and $500 million of cuts and other “synergies.” UNITE HERE, the hospitality workers union, represents approximately 25,000 workers at Caesars and Eldorado properties.

UNITE HERE-represented union casinos accounted for approximately 68% of the pro forma $30 billion combined Caesars-Eldorado EBITDAR in 2018. These 22 UNITE HERE union casinos altogether include over 50% of the combined company’s total hotel rooms, over 30% of its total slots, and nearly 40% of its total table games. UNITE HERE locals are currently in contract negotiations with Eldorado at Circus Circus Reno and Isle Pompano Beach. Contracts at six additional UNITE HERE union casinos in the combined Caesars and Eldorado portfolio will expire in 2020, including four properties in Atlantic City.

UNITE HERE issued the following statement from President D. Taylor:

“UNITE HERE has had a positive relationship with Caesars Entertainment over the years, and 25,000 union members have been excited to help the company reinvest and rebuild as it recovers from the disastrous leveraged buyout led by Apollo and TPG. It is in this context that we approach the proposed sale of the company with great concern.

Yesterday, Eldorado announced cost-savings of $500 million in the first year of the combined company. Where are they going to cut? We will not stand by idly if the proposed Caesars-Eldorado transaction will lead to significant job losses, worse wages and benefits for our members, and lower state gaming tax receipts in the many communities where members we represent work and live. Casinos operating under privileged licenses are meant to create significant benefits for host communities, including family-sustaining jobs and local government funding based on gaming taxes.

We will support changes at Caesars that preserve the company’s long-term financial health and provide a sustainable path to good jobs in vibrant gaming markets across the country.”

2018, 7,700 UNITE HERE members went on a multi-city strike at Marriott hotels across the United States and won historic settlements in Boston, Detroit, San Francisco, San Jose, Oakland, San Diego, and Hawaii.

UNITE HERE represents over 300,000 hospitality workers in gaming, hotel, and food service industries in North America and provides analysis from the perspective of those who work in these industries.

 

Source: UNITE HERE

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: UNITE HERE Warns About Potential Gaming Tax Revenue Declines, Job Cuts, and Other Problems of Proposed Merger of Eldorado Resorts and Caesars Entertainment

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UK NHS to Open Gambling Clinic for Children

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The UK’s NHS is going to open its first gambling clinic for children.

According to the Gambling Commission, there are 55,000 children classed as having a gambling problem in Britain. The Commission also found that a total of 450,000 are gambling regularly.

“This action shows just how seriously the NHS takes the threat of gambling addiction, even in young people. The links between problem gambling and stress, depression and mental health problems are growing and there are too many stories of lives lost and families destroyed,” Simon Stevens, the NHS England chief executive said.

The move was welcomed by Carolyn Harris, the Labour MP for Swansea East, who said attitudes around problem gambling was at last shifting. “For too long the industry has dismissed problem gambling but now is the time for polluters to pay,” she said.

“The clinic will open as part of a new network of services for addicts being rolled out as part of the NHS Long Term Plan. Specialist face-to-face NHS treatment for gambling addiction has only been available in London but is being made available across the country as part of the new strategy,” NHS England said.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: UK NHS to Open Gambling Clinic for Children

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Mobile Betting Bill Fails to Progress Through New York Assembly

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Senator Joseph Addabbo’s mobile betting bill has failed to progress through the New York Assembly. The legislative session saw S17 fail to progress beyond the Assembly Standing Committee on Codes.

Addabbo tweeted that he saw no clear reason why the state could not implement mobile sports betting in 2019. Failure to do so would see the state miss out on around $75m in revenue, funding for education, and both job creation and retention.

“NY will be stuck like a disabled car on the shoulder, while we allow an illegal sports betting business in our state thrive and idly watch other neighboring states pass us up with enormous revenue gains from mobile sports betting,” Addabbo said.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Mobile Betting Bill Fails to Progress Through New York Assembly

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