Evolution Gaming and BetMGM Sign Agreement for US Market
Evolution Gaming, leading provider of Live Casino solutions, has announced that it has signed a US-wide agreement with BetMGM, the joint venture between MGM Resorts International and GVC Holdings. The agreement will see Evolution power Live Casino services for BetMGM’s brands across the US.
Initially the agreement will result in a number of Evolution’s live table games, as well as game show-style games, being made available to customers of BetMGM, and sister brands Borgata Online and Party Casino, from Evolution’s Live Casino studio in New Jersey. The agreement will extend the existing live games line-up delivered for BetMGM in New Jersey by Ezugi, which became part of Evolution Gaming in January 2019.
Matthew Sunderland, Vice President of Gaming for BetMGM, said: “BetMGM was formed with a very clear objective: to lead sports betting and online gaming in the United States. As the undisputed leader and innovator in Live Casino services for digital gaming, Evolution, is the perfect fit for us. Evolution offers everything we need to enable our brands to roll out an extremely rich, world-class online live gaming experience across the US and their new state launches roadmap is very much in accord with our own alongside building on our current leadership position in Gaming in New Jersey.”
Johan Nordstrom, Chief Executive Officer at Evolution Gaming Malta, stated: “We are honoured to have been chosen by BetMGM to be partners in the fast-developing US live gaming market. This is a natural extension of our existing relationship with GVC Holdings’ brands.”
Following the New Jersey launch Evolution will work in tandem with BetMGM brands to help ensure that they are among the first in market in Pennsylvania and Michigan. All to coincide with the launch of Evolution’s new studios that will open in these two states.
About BetMGM
BetMGM is a market leading sports betting and gaming platform created by the joint venture between MGM Resorts International (NYSE: MGM) and GVC Holdings Plc (LSE: GVC). Based in New Jersey, the company was established in July 2018 to create a world-class sports betting and online gaming platform in the United States, in order to take advantage of the new opportunities created by the U.S. Supreme Court's decision to overturn the U.S. federal Professional and Amateur Sports Protection Act (PASPA). Utilizing GVC's US-licensed, state-of-the-art proprietary technology platform, BetMGM offers sports betting and online gaming via market leading brands including BetMGM and partypoker. The company has exclusive access to MGM Resort’s U.S. land-based and online sports betting, major tournament poker, and online gaming businesses. For more information visit www.roardigital.com.
About GVC Holdings
GVC Holdings PLC is one of the world’s largest sports betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports Brands include bwin, Coral, Crystalbet, Eurobet, Ladbrokes and Sportingbet; Gaming Brands include CasinoClub, Foxy Bingo, Gala, Gioco Digitale, PartyCasino and partypoker. The Group owns proprietary technology across all of its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis. GVC acquired Ladbrokes Coral Group plc on 28 March 2018 and is now the UK’s largest high street bookmaker, with over 3,500 betting shops. The Group, incorporated in the Isle of Man, is a constituent of the FTSE 100 index and has licenses in more than 20 countries, across five continents. For more information visit www.gvc-plc.com.
For trade press and media enquiries, please contact:
Amy Riches, Head of Marketing, ariches@evolutiongaming.com
For investor enquiries, please contact:
Jacob Kaplan, CFO, ir@evolutiongaming.com About BetMGM
Evolution Gaming develops, produces, markets and licenses fully-integrated B2B Live Casino solutions to gaming operators. Since its inception in 2006, Evolution has developed into a leading B2B provider with 300+ operators among its customers. The group currently employs about 6 800 people in studios across Europe and in North America. The parent company is based in Sweden and listed on Nasdaq Stockholm with the ticker EVO. Visit www.evolutiongaming.com for more information.