New Jersey may have won its war with the Supreme Court but the effects of this landmark decision mean that new partnerships are quickly forging.
The aim of the Professional and Amateur Sports Protection Act of 1992 (PASPA) was to ban sports betting. This meant that the possibility of bribing players, coaches, referees, etc., and influencing results would be greatly reduced. However, recently the Supreme Court struck down PASPA and cleared the path for sports betting.
The latest collaboration is between Rush Street Interactive and Kambi Group Plc. Under this agreement Kambi, would provide its sports betting services and technology to Rush Street.
Rush Street Interactive:
Rush Street Gaming not only owns but also operates land-based casinos in New York, Pennsylvania and Illinois and Rush Street Interactive is its affiliate.
Behind Rush Street Gaming are decades of gaming experience. They have been developing and operating regulated online gaming sites thus making them one of the biggest names in the gaming industry. Their in-house iGaming platform has helped Rush Street Interactive to operate the PlaySugarHouse online casino in New Jersey and make it a prominent name in this segment.
Kambi Group Plc is a global and prolific provider of sports betting services. Though the company is based in Malta, it is active in 6 continents and has almost 20 partnerships across them. They have a staff strength of more than 600 across its various offices in Malta, London, Sydney, Stockholm, Bucharest, Manila.
Some of Kambi’s offerings include a software platform with front-end user interface, risk management, odds compiling and customer intelligence. They are also listed under the symbol ‘KAMBI’ on First North at Nasdaq Stockholm.
The agreement between Rush Street and Kambi is a multi-year one. Kambi has been eyeing the US market for a long time and this partnership seems like a perfect opportunity for them to gain entry.
On the other hand, the collaboration works equally well for Rush Street who will get a sportsbook for its Sugarhouse casino in Philadelphia as well as its properties in New York and Illinois.
In a press release Kambi Chief Executive Kristian Nylen, stated “This agreement with Rush Street Interactive, one of the most respected and innovative gaming companies in the U.S., is recognition that Kambi not only has online premium sports betting services ready to appeal to American sports enthusiasts but those which will help protect the integrity of sports.”
Rush Street President Richard Schwartz is confident about the partnership. In his statement, he said, “In Kambi we are confident we have found that partner and, following the recent Supreme Court ruling, look forward to launching a high-quality Sportsbook in the U.S., as well as other regulated markets internationally.”