New legislation sees OpenSports become the first regulated sportsbook solution to offer single-game betting
LAS VEGAS – August 31, 2021 – Scientific Games Corporation (NASDAQ: SGMS) (“Scientific Games” or the “Company”) has strengthened its position in North America by becoming the first regulated sportsbook platform provider to offer singles betting in Canada.
The regulated Canadian market embraced singles betting on August 27 and Scientific Games went live with its offering from day one, with the OpenSports product suite powering the sportsbooks of British Columbia Lottery Corporation (“BCLC”), Loto-Quebec and Atlantic Lottery Corporation.
Previously, bettors in Canada have only been able to bet on parlays within the regulated market. However, thanks to the legalization of singles, OpenSports can now deliver the full sports betting experience in line with other regulated territories worldwide.
The introduction of singles makes live betting even more exciting for Canadians and reduces the barrier to entry for recreational players, while also allowing money to be returned to bettors faster.
Charlene Nielson, Director of Product Management at BCLC said: “We are pleased to extend our relationship with Scientific Games and to expand our sportsbook offering with its singles offering. We look forward to continuing to work with Scientific Games as we innovate and evolve our business.”
Louis Beaudet, Director, Sports and Entertainment Betting at Loto-Quebec said: “To be able to offer singles betting to our customers on day one of the new legislation being implemented was very important to Loto-Quebec. Offering these bets using Scientific Games’ OpenSports platform makes this even more special, such is the longstanding relationship we have had and we are excited to bring yet more sports betting options to our players.”
Scott Eagles, Manager of Sports Betting at Atlantic Lottery Corporation said: “We’ve been looking forward to this moment for a long time. We’re beyond excited to be offering our players a safe and regulated alternative to place single-event sports wagers. To be able to do this using the OpenSports platform is very special as we’ve built a strong relationship with Scientific Games and we are ready to bring the most immersive and user friendly sports betting experiences to our players.”
Marc Crean, Commercial Director, Digital at Scientific Games said: “The ability to offer singles betting to players from the very first day of its availability in Canada illustrates the speed in which we can adapt to regulatory changes. As the first to market, we are now well-positioned to enjoy further growth in Canada and provide our key customers BCLC, Loto-Quebec and Atlantic Lottery Corporation with a world-class sports betting experience.”
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About Scientific Games
Scientific Games Corporation (NASDAQ: SGMS) is a world leader in entertainment offering dynamic games, systems and services for casino, lottery, social gaming, online gaming and sports betting. Scientific Games offers the gaming industry's broadest and most integrated portfolio of game content, advanced systems, cutting-edge platforms and professional services. Committed to responsible gaming, Scientific Games delivers what customers and players value most: trusted security, engaging entertainment content, operating efficiencies and innovative technology. For more information, please visit scientificgames.com.
In this press release, Scientific Games 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 Scientific Games’ current reports on Form 8-K, quarterly reports on Form 10-Q and its latest annual report on Form 10-K filed with the SEC on March 1, 2021 (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 Scientific Games' ongoing obligations under the U.S. federal securities laws, Scientific Games undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.