Amelco Granted Sports Wagering License to Operate in Pennsylvania

The sports betting software and trading services provider, Amelco, can now offer its products in Pennsylvania after being granted a conditional sports betting manufacturer license. The entrance to the market with great potential will surely bring them more visibility.

The UK-based brand added that it is also in the process of securing system certification from various US test agencies. In addition to this, it will be announcing additional sports wagering partnerships ahead of the NFL season.

Milestone Achieved

The approval to offer services in one of the most populous states in the US represents an important landmark for the supplier’s North American arm.

Paul Manning, Amelco’s chief executive commented on the opportunity as follows:

“I am delighted to confirm regulatory approval from the Pennsylvania Gaming Control Board. This is a major milestone in of Amelco’s growth, and for the US, represents yet another landmark achievement as part of our extensive plans for expansion. We look forward to announcing plenty more news in regard to the US launches in the months to come.”

Wide Range of Services

Amelco USA was established in 2018 after the repeal of PASPA…

…in an effort to provide a focused US approach as various states enable legislation for retail and mobile sportsbook offerings. The company itself started operating in 2006 and is headquartered in Chicago, Illinois, with a satellite office in Las Vegas, Nevada. The company already holds q license to operate in New Jersey where it powers sports betting through long-term partner, The Stars Group.

The range of their products and services is wide, covering aspects such as sportsbook, casino, lottery and financial products underpinned by an omni-channel technology approach. The major business objective is generating maximum revenue with enhanced experience created by trading, product development and operations teams.

Record-Breaking Figures

The first stats regarding the opening of certified iGaming market in the state. As far as the Pennsylvania Gaming Control Board (PGCB) revealed, the total spending on the market that went live on July 15th saw $23.8 million spent on slot games and $25.5m on table games. The overall generated revenue was a jaw-dropping $812,306.

Sports betting figures for July were also positive…

… with the internet, gaming wins amounted to $2.9 million, which represents an increase of 100.7% compared with the $1.4 million in June. July saw approximately $39.0 million of Total Internet Sports Wagering Handle, which represents a growth compared to $19.3 million from June.

Even though July is typically a less dynamic period for sports betting, the total handle was a record for the state’s sportsbooks.

Source:

“Amelco ready for launch in Pennsylvania”, Richard Mulligan, igbnorthamerica.com, September 4, 2019.