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New Partnership Expands OpenBet’s Sports Betting Technology and Presence in European Market
LAS VEGAS, July 06, 2022--(BUSINESS WIRE)--The Las Vegas-based, leading cross-platform global game company Light & Wonder, Inc. (NASDAQ: LNW) ("Light & Wonder," L&W" or the "Company") today announced that its Sports Betting business ("OpenBet") has successfully delivered its full turnkey platform to SAZKA a.s. and its Czech-facing sportsbook brand, Sazkabet. Sazkabet has entrusted OpenBet to power the next generation of its online and mobile sportsbook offering as part of a new agreement.
Sazkabet has deployed the fully managed OpenBet platform, which includes the powerful, reliable, and scalable betting engine and a full risk and liability management pricing and trading service covering a wide range of sports. OpenBet is fully compliant for the Czech Republic market and will provide a safe and responsible betting experience.
SAZKA a.s. is the largest lottery operator in the Czech Republic. With this new partnership, OpenBet has extended its sports presence within the European market, with its content-rich proposition set to deliver exciting betting experiences across the central European nation.
OpenBet is the leading provider of sports betting technology, content, and services to lotteries worldwide and this latest agreement ensures seven World Lottery Association ("WLA") members are live with its sports betting technology.
Jan Horyna, iGaming Director at SAZKA a.s. said: "Transitioning to OpenBet’s sports betting technology and services is a key move for us to provide our customers with high-quality and responsible betting experiences. With OpenBet’s transformed modern technology, we are delighted to have introduced significant improvements to our overall sportsbook offering and relish the opportunity to plan future collaborations with OpenBet over the coming months."
Nikos Konstakis, Group Chief Product Officer at OpenBet, said: "Partnering with SAZKA a.s.’ sportsbook arm Sazkabet, known for holding a considerable share of the market in the Czech Republic, is a key customer win that we’re very proud to announce. We have a strong track record for delivering sports betting solutions to WLA members worldwide and are very much looking forward to driving next level player experiences for Sazkabet. Through our comprehensive range of products and services, the lottery is well positioned to hold the competitive edge and bring exciting betting experiences to the people of the Czech Republic."
OpenBet is the world leader in sports betting entertainment. With over 25 years’ experience and a passion for innovation, OpenBet’s modular range of technology, content and services is entrusted by the globe’s biggest sports betting brands, lotteries, casinos and tribal operators. It is a leading business-to-business sports betting partner in the U.S., U.K., Australia and Canada, with a strong position in Europe and APAC. To date, OpenBet has over 75 global customers, including 46 sports books across 12 states and a 100% uptime record across major sporting events. To find out more about OpenBet, please visit www.openbet.com.
About Light & Wonder, Inc.
Light & Wonder, Inc. (formerly known as Scientific Games Corporation), is the global leader in cross-platform games and entertainment. The Company brings together 5,000 employees from six continents to connect content between land-based and digital channels with unmatched technology and distribution. Guided by a culture that values daring teamwork and creativity, the Company builds new worlds of play, developing game experiences loved by players around the globe. Its OpenGaming™ platform powers the largest digital-gaming network in the industry. The Company is committed to the highest standards of integrity, from promoting player responsibility to implementing sustainable practices. To learn more, visit lnw.com.
In this press release, the Company 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 the Company’s current reports on Form 8-K, quarterly reports on Form 10-Q and its annual report on Form 10-K that was filed with the SEC on March 1, 2022 (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 the Company’s ongoing obligations under the U.S. federal securities laws, the Company 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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