Ladbrokes plc Buys Stake in Stadium Technology Group
Ladbrokes plc has signed an agreement to acquire a majority stake in Stadium Technology Group (“Stadium”) – a Las Vegas-based supplier of software and in-game betting applications to sportsbook operators.
Stadium supplies its innovative, licensed technology to a number of sportsbook and third party suppliers in Nevada and Delaware. The deal sees Ladbrokes enter the US market at a time when a number of states are exploring liberalising gambling.
Casinos that utilise Stadium software directly or through third party suppliers include: Atlantis, Cosmopolitan, Crystal Palace, Golden Nugget, Hard Rock, M Resort, Palazzo, Treasure Island and The Venetian.
Ladbrokes Chief Executive Richard Glynn commented: “The size of the US market and potential for positive regulatory change in the coming years make it a sensible place to establish a presence. Stadium Technology is already one of the key software suppliers to casinos in Nevada and Delaware and it has the potential to expand.”
Posted by .(JavaScript must be enabled to view this email address) on 01/20 at 09:51 AM
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