FanDuel Group Launches Global Sportsbook Platform Powered by Scientific Games' OpenSports™ Technology in West Virginia

Rhea-AI Summary

Scientific Games Corporation (NASDAQ: SGMS) has partnered with FanDuel Group to launch an online sportsbook in West Virginia, utilizing the OpenBet betting engine from its OpenSports platform. This collaboration marks a significant expansion of their 20-year partnership, following FanDuel's existing operations in the state since 2019. The new sportsbook aims to enhance the betting experience for users, with FanDuel's CEO emphasizing the platform's global capabilities. This rollout is seen as a critical step in establishing FanDuel as a leading sportsbook in the U.S.

Positive

• Partnership with FanDuel enhances market presence in West Virginia.
• Utilization of OpenBet technology signifies advanced sportsbook features.
• Expansion of a long-term partnership with a significant operator.

Negative

• None.

LAS VEGAS, Dec. 14, 2020 /PRNewswire/ -- Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games" or the "Company") has partnered with FanDuel Group, a Flutter Entertainment subsidiary, marking the U.S. operator's first online sportsbook launch in West Virginia with the Company's world-class sports betting engine. 

While the online FanDuel Sportsbook has been live in West Virginia since 2019, FanDuel Group debuted its new global sportsbook solution developed in partnership with Scientific Games, utilizing the OpenBet betting engine from the Company's OpenSports platform.

Going live with FanDuel Group in West Virginia marks the next chapter of Scientific Games' long-standing sports betting partnership, which stretches over 20 years, with Flutter Entertainment.

Alongside FanDuel, OpenBet is a key component powering Flutter Entertainment's global sports betting platform for iconic brands like Betfair, Sky Bet and Paddy Power in Europe and Sportsbet in Australia.

"We are excited to roll out our next generation sportsbook technology throughout the United States, starting with West Virginia," said Matt King, CEO of FanDuel Group. "Our global sports betting platform will offer customers an unrivaled betting experience and will cement FanDuel's place as America's number one sportsbook."  

Jordan Levin, Group CEO, Digital at Scientific Games, said, "Going live with FanDuel's new sportsbook is a truly landmark moment in our rich history of servicing Flutter Entertainment brands. Utilizing OpenSports technology is a game changer for FanDuel and will introduce a new way of betting for its customers. Our dedicated team has been extremely agile and flexible, providing the operator with excellent service in West Virginia."

© 2020 Scientific Games Corporation.  All Rights Reserved.  

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About Scientific Games
Scientific Games Corporation (NASDAQ: SGMS) is a world leader in entertainment offering dynamic games, systems and services for casino, lottery, social gaming, online gaming and sports betting. Scientific Games offers the gaming industry's broadest and most integrated portfolio of game content, advanced systems, cutting-edge platforms and professional services. Committed to responsible gaming, Scientific Games delivers what customers and players value most: trusted security, engaging entertainment content, operating efficiencies and innovative technology. For more information, please visit scientificgames.com.

Media Inquiries:
Media@scientificgames.com 

Forward-Looking Statements
In this press release, Scientific Games makes "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "will," "may," and "should." These statements are based upon management's current expectations, assumptions and estimates and are not guarantees of timing, future results or performance. Therefore, you should not rely on any of these forward-looking statements as predictions of future events. Actual results may differ materially from those contemplated in these statements due to a variety of risks, uncertainties and other factors, including those factors described in our filings with the Securities and Exchange Commission (the "SEC"), including Scientific Games' current reports on Form 8-K, quarterly reports on Form 10-Q and its latest annual report on Form 10-K filed with the SEC on February 18, 2020 (including under the headings "Forward-Looking Statements" and "Risk Factors"). Forward-looking statements speak only as of the date they are made and, except for Scientific Games' ongoing obligations under the U.S. federal securities laws, Scientific Games undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.

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SOURCE Scientific Games Corporation

FAQ

What is the significance of the partnership between Scientific Games and FanDuel in West Virginia?

The partnership marks the launch of FanDuel's first online sportsbook in West Virginia, utilizing Scientific Games' OpenBet technology, enhancing their market presence and betting experience.

What technology is powering FanDuel's new sportsbook in West Virginia?

The new sportsbook is powered by the OpenBet betting engine from Scientific Games' OpenSports platform.

How long have Scientific Games and Flutter Entertainment (FanDuel's parent company) been partners?

Scientific Games has had a partnership with Flutter Entertainment that spans over 20 years.

When did FanDuel's online sportsbook go live in West Virginia?

FanDuel's online sportsbook has been operational in West Virginia since 2019, but the new platform developed with Scientific Games has recently launched.