SG Digital’s OpenBet™ Platform Supports Record Performance at 2018 Cheltenham Festival
Scientific Games Corporation (NASDAQ: SGMS) (“Scientific Games” or the “Company”) has revealed OpenBet, SG Digital’s market-leading sportsbook, processed a record number of account transactions at this year’s Cheltenham Festival. The Cheltenham Festival, an annual four-day event in the National Hunt race calendar in the United Kingdom, features several high-profile horse races. The Festival includes eleven grade-one races and culminates with the Gold Cup race.
The festival often sees total wager in excess of £250 million. The 2018 Festival proved exceedingly successful for OpenBet; the market-leading platform processed more than 39M bets, an increase of nearly 10% on the previous year. The number of bets placed per minute through a single operator during the festival using the OpenBet platform peaked at 15,800. On the day of the Gold Cup, won by Native River, more than 10.9M bets were placed, an increase of 2.3M bets over 2017.
Keith O’Loughlin, SVP Sportsbook and Platforms at SG Digital, said, “OpenBet has a proven track record for providing a robust performance during the world’s biggest sporting events, and I’m delighted that the latest figures show we have once again delivered scale and stability for our customers. “The Cheltenham Festival is a hugely important sporting fixture for our customers. With such a vast volume of transactions to handle, there is no room for downtime. This year’s stats show that we have further cemented our position as a trusted and reliable provider.”
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About Scientific Games
Scientific Games Corporation (NASDAQ: SGMS) is a world leader in gaming entertainment offering the industry's broadest and most integrated portfolio of game content, advanced systems, cutting-edge platforms and professional services. The company is #1 in technology-based gaming systems, digital real-money gaming and sports betting platforms, casino table games and utility products and lottery instant games, and a leading provider of games, systems and services for casino, lottery and social gaming. 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 www.scientificgames.com.
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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 and uncertainties and other factors, including those factors described in our filings with the SEC, including the Company's 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, 2018 (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.