All aboard the us sportsbetting train
News on 15 May 2018
News on 15 May 2018
Predictably there’s been a flurry of activity following the US Supreme Court ruling which struck down PASPA Monday (see previous report) opening the doors to legal sportsbetting in the U.S., a welcome and momentous ruling for the gambling industry as a whole.
The Stars Group welcomed the ruling saying the decision opens the door for the Group’s broad expansion in the United States.
“The decision by the Supreme Court is an important step forward in the regulation of sports betting in the United States,” Marlon Goldstein, Executive Vice President and Chief Legal Officer of The Stars Group, said.
“We believe we are well-positioned to take advantage of any new business and market opportunities, and to work with state legislatures in setting up sports betting frameworks that satisfy local consumers’ interest in sports betting while protecting them through safe and regulated betting environments.”
B2B sports betting technology provider Kambi Group said the decision has created a significant business opportunity for Kambi, vindicating their long-term regulated market strategy.
“Today’s Supreme Court judgment marks the beginning of an exciting new chapter for Kambi,” Kristian Nylen, Chief Executive Officer, said.
“We have been working towards this day since our inception, putting in place the foundations to ensure the business would be ready for a legal US sports betting market when it arrived.
SBTech’s chief executive officer Richard Carter described the decision as a historic day for the industry. “We look forward to working closely with all stakeholders and helping shape an open and responsible environment for sports betting to flourish in the US, which addresses the needs of consumers, law enforcement, regulators, sports integrity, operators and technology providers.
US Trade body, the American Gaming Association (AGA) tagged the ruling a victory for the millions of Americans who seek to bet on sports in a safe and regulated manner.
“The AGA stands ready to work with all stakeholders – states, tribes, sports leagues, and law enforcement – to create a new regulatory environment that capitalizes on this opportunity to engage fans and boost local economies,” a press statement reads.
