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”The acquisition was in anticipation of the May 2018 PASPA (Professional and Amateur Sports Protection Act) reversal, which saw the US Supreme Court determine that the 1992 federal law violated constitutional principles by forcing states to ban sports betting under their own laws.”The CDI subsidiary will leverage Kambi’s sports betting offering with its integrated online gaming platform to be powered by GAN’s US-optimized enterprise software.After recently entering Michigan’s sports betting and iGaming market, Churchill Downs Incorporated (CDI) (NASDAQ:CHDN) has inked multi-year agreements with Game Account Network (GAN) and Kambi Group plc for its BetAmerica sports betting brand....

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BetAmerica acquisition:CDI, which also owns advanced deposit wagering site (ADW), TwinSpires, acquired BAM Software and Services, LLC (BetAmerica) on April 24, 2017, after, in December 2016, it [BetAmerica] lost permission of the Thoroughbred Owners liberty slots promotions czacof California (TOC) to offer wagering in California to residents of “The Golden State.Under the terms of the new partnership agreements, the two firms will serve as new technology providers to BetAmerica which currently manages sportsbooks in Pennsylvania, New Jersey, Mississippi, and Indiana. CDI has since entered multiple states with BetAmerica....

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In its company presser, GAN Chief Executive Officer Dermot S. CDI has since entered multiple states with BetAmerica.In its company presser, GAN Chief Executive Officer Dermot S....

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”Tier-one operator:GAN, meanwhile, said that due to CDI’s “expansive range” of US-based retail gambling assets liberty slots promotions czacand its “existing market agreements for Internet gambling,” it classifies the Churchill Downs parent company as a “tier one” operator client.”For its part, CDI Chief Executive Officer Bill Carstanjen said…“We believe the transition to Kambi and GAN as our new technology providers will enable our team to execute the rollout of BetAmerica sportsbooks and iGaming product offering more efficiently as states move to legalize and implement regulations permitting sports betting and iGaming in the coming years.”Kambi added that the agreement “is expected to have a small positive impact” on its 2020 revenue but that the “partnership has the potential to become a material source of revenue over the course of the contract....

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”In a company press release, Chief Executive Officer for Kambi, Kristian Nylén, said…“It’s a pleasure for Kambi to be partnering with CDI and its BetAmerica brand, which has the potential to benefit from its market access and existing customer database.Top-rated online slots developer Booongo has just released a brand-n Smurfit said…“We look forward to powering the BetAmerica brand with our highly optimized technology platform and enabling CDI to efficiently invest their marketing capital to attract loyal sports betting and iGaming players....