RE: NKTN23 May 2018 10:44
Nektan enters US sports betting with Metric Gaming partnership
08:11 23 May 2018
Companies will offer horse racing and other content
ice hockey
Mobile betting is now allowed on US sports after Supreme Court decision
Mobile gaming software group Nektan PLC (LON:NKTN) has partnered with Metric Gaming to enter the US sports betting market.
Last week the US Supreme Court lifted a federal ban on sports betting and numerous US states are expected to pass legislation to enable gambling across a whole range of events.
Broker Jefferies reckons the US market for legal betting on sport could be worth more than US$57bn a year.
Set up in 2013, Metric Gaming is a significant supplier of sports betting content around the world and in conjunction with Nektan will offer horse racing and other content.
Nektan�s Respin's Rapid Games platform already provides in-venue interactive betting to US casinos through its smartphone and tablet platform.
Gary Shaw, Nektan�s interim chief executive, said: "With last week's Supreme Court decision, the combination of Metric's leading sports and race products, and Nektan's Rapid Games Mobile Casino, creates a large opportunity for both companies working in partnership.
�The sector will look to a combination of sports and casino and having a partner combining both will create additional opportunities for both companies."
Martin de Knijff, Metric�s CEO added: "Last week's Supreme Court decision signals a sea change in the US.
�We are impressed by the Rapid Games platform, and believe that its multi-device approach gives our state-of-the-art horse racing and sports betting counterparts a price and functionality advantage over legacy based competitors in both the retail and iGaming spaces."
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