Delaware grants first sports betting licence
GVC Holdings was selected as Delaware State’s first sports betting operator.
US.- As the State of Delaware confirmed this week that it will be the first state to offer full-scale sports betting in the country, authorities have granted the first licence to the international gaming company GVC Holdings. Delaware is able to open its previously approved sports betting market after the US Supreme Court resolution allowed the end of PASPA.
GVC Holdings’s proprietary US sports betting platform, held in Stadium Technology Group, will be powering the first single-game sports bets accepted in the US state of Delaware, on day one of a new regulatory framework, enabled following the repeal of PASPA on 14 May.
Delaware’s pre-existing regulation permits a full-scale sports betting offer. Initially, a full sports offering will be available at the state’s three casinos. Previously sports betting in Delaware had been restricted to ‘parlay-betting’ – a strictly limited form of accumulator betting. Parlay bets will continue to be offered in over 100 other retail locations throughout the state, powered by Stadium.
Stadium, which already provides the software used in 16 of the 20 licensed sports books in the state of Nevada, offers an omni-channel, fully integrated sports betting solution which will enable partners to have a live sports betting offer ahead of the forthcoming NFL season, in states where legislation is revised to permit it.
Commenting on the announcement, GVC’s Director of Development and Corporate Strategy, Adam Greenblatt said, “We are delighted to be up-and-running as the first – and currently only – provider with a market-ready solution for our partners in the new regulatory environment. As legislation evolves in the post-PASPA world, having the capability and flexibility to be able to get to market fast, with proven and compliant technology, is a key advantage for us.
“This small but important step on the pathway of regulatory reform in the US sports betting and iGaming market shows the preparedness of GVC to take an active part in the development of the sector. We believe the Group’s proprietary omni-channel technology coupled with our extensive US and international operating experience and trading expertise, positions us for long-term success.”
