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International Gaming Technology Lands Puerto Rico Access on WinIn Deal

International Gaming Technology Lands Puerto Rico Access on Winin Deal

International Game Technology (NYSE: IGT) is expanding its global sports betting footprint and announced today that it will enter Puerto Rico through a contract with Stadium LLC.

IGT Puerto Rico
International Game Technology Inc. is traded in Puerto Rico. This includes baseball leagues in the area. The national team can be found here. (Image: Twitter)

The stadium is WinIn's parent company and is affiliated with an esports company. Liga de Béis Volpro Pro Roberto Clemente — Puerto Rico's top professional baseball league. WinIn aims to expand its US territory in the early sports betting industry. The financial terms of the Accord have not been disclosed.

Under the terms of the agreement, IGTPlaySports technology and trading advisory services empower everything WinIn's future online and retail sportsbook overview in Puerto Rico ", According to a statement issued by IGT.

WinIn uses IGT's PlaySports platform.

"The prospect of adding Puerto Rico as a region with sportsbooks using PlaySports is another exciting step in our efforts to further expand our footprint across North America," said Joe Asher, president of IGT's sports betting. Stated in a statement.

Puerto Rico Sports Betting Opportunity 2021

 

Puerto Rico is an unincorporated region of the United States and has the potential to provide a favorable market for sportsbook operators and platform providers such as IGT in the future.

Puerto Rico passed sports betting, daily fantasy sports (DFS), and esports law in 2019. This paved the way for the Puerto Rico Gaming Commission (PRGC) to set regulations and standards and issue permits to businesses.

For Puerto Rico, the market is potentially attractive to operators. It has 3.28 million inhabitants, which is larger than in some states where sports betting is legal. , Includes Iowa, Arkansas, New Hampshire, and Rhode Island, to name just a few.

In September, BetMGM announced that it would partner with Casino Delmar at La Concha Resort in San Juan to bring mobile sports betting to the territory and sign the first access agreement elsewhere. Status.

Prior to the coronavirus pandemic, Puerto Rico was a major tourist destination in North America, with approximately 20 casinos. A resort frequently visited by travelers.

In addition, locals love Major League Baseball (MLB) and the NBA, which could become an attractive market for sportsbook operators and back-end providers like IGT in the future. is showing.

IGT Investors Like News

On a day of widespread strength in gaming equity, IGT shares are benefiting from Puerto Rico news. Stock prices have risen almost 7%, trading around record highs. 12 percent after it surged in October.

Lottery service providers and manufacturers of popular Wheel of Fortune slot machines are on the rise 74 percent year-to-date.


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