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Gambling in the USA

ODDS ON COMPLIANCE RECEIVES STRATEGIC INVESTMENT FROM GROUP LED BY SEVENTYSIX CAPITAL

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This Round of Funding Marks the Next Step in the Sports Betting Technology Company’s Evolution to Leverage Technology and Industry Expertise to Deliver the Compliance of Tomorrow

Odds On Compliance, the industry-leading technology and consultancy firm specializing in sports betting, iGaming, and gambling regulatory compliance in the U.S. and abroad, announced today that it has received strategic investments from a group led by SeventySix Capital. Tekkorp Capital also participated in the round, providing a new infusion of funding that will propel Odds On Compliance forward in the expansion of its business unit focused on data and technology.

This is another big step in the evolution of Odds On Compliance as a gaming compliance-focused technology company. These are intentional investments that bring the best of sports, technology, and data into our ecosystem. We are proud to partner with this diverse investment group as we continue to grow,” said Eric Frank, Founder & CEO of Odds On Compliance.

SeventySix Capital is a leading sports-focused venture capital firm that invests in game-changing sports betting, esports, and sports technology companies. The investment in Odds On Compliance adds to SeventySix Capital’s growing portfolio of innovative companies that are transforming the sports industry.

We are proud to lead this investment in Odds On Compliance,” said Wayne Kimmel, Managing Partner at SeventySix Capital. “The team, led by Eric Frank, exemplifies the types of entrepreneurs that SeventySix Capital invests in who are shaping the sports betting industry. Their experience, relationships, and knowledge of the gaming and compliance industry gives us complete confidence in their ability to build a market-leading company.

Tekkorp Capital, which also invested in the round, will act as a strategic advisor to Odds On Compliance. “Tekkorp Capital funds those rare companies that truly innovate in the digital domain and Odds On Compliance, to my eye, is the absolute embodiment of such an enterprise,” commented Matt Davey, CEO of Tekkorp Capital. Tekkorp Capital funds private and public companies that innovate in the global digital gaming environment. Tekkorp Capital’s Robin Chhabra, who will act as a strategic advisor to Odds On Compliance, added, “Odds On Compliance has an exciting future ahead, and their application of tech, and AI in particular, to the compliance and regulation industry, is going to be game changing.

Since its launch in March 2021, Odds On Compliance has expanded its staff and now offers its clients over 100 years of combined industry experience. The Odds On Compliance team has the depth of knowledge and expertise required to navigate the complex and ever-evolving iGaming and sports betting landscape, led by CEO and Founder Eric Frank, former global compliance chief for one of the world’s largest i-gaming companies, and Vice President of Technical Compliance and Audit Eric Weiss, the thirty-year veteran and previous Chief of Staff of the New Jersey Department of Gaming Enforcement.

Compliance Updates

Arizona Department of Gaming Releases October Sports Betting Figures

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Bettors in Arizona wagered approximately $791 million on sports in October of 2024, according to a new report by the Arizona Department of Gaming. This represents an approximate 22% increase when compared to October of 2023.

The state collected approximately $2.35 million in privilege fees in the month.

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Gambling in the USA

Neosurf & Betting Hero to reveal results of their in-depth study into US online gambling and payment habits in exclusive two-part webinar series

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Neosurf, the globally trusted provider of swift and secure cash-to-digital payment solutions, has announced it will be sharing the findings of a recent study into the online betting habits, preferences and frustrations of US players in an exclusive two-part webinar series beginning on January 14th.

Neosurf commissioned the research via Betting Hero – a leading US-based iGaming portal with expertise in casino, sports betting and DFS. The webinars will see Neosurf CEO Americas, Sue Page, Betting Hero’s Co-Founder and President, Jai Maw, and Senior Director of Product and Research, Ernie Ropas, dive into the report’s key findings and discuss what some of the more surprising results could mean for operators.

The survey, which featured respondents from New Jersey, Colorado and North Carolina, aimed to help operators and regulators within the gambling industry better understand the typical US bettor – how and why they bet, what tools they use to manage their budget and what Responsible Gaming means to them. The findings will be revealed in the webinars and used to identify areas where Neosurf’s products can help operators provide a better user experience.

The research highlighted several aspects of payments and responsible gaming that bettors felt could be improved. Problems with payments remain an issue – 52% of respondents said that they’d experienced payment issues in the past year, and with over 50% depositing and withdrawing multiple times each month, there is a significant cost impact to the operators.

Additionally, respondents indicated they’d be in favour of using a service that could share pre-verified ID information with operators, with ease of use for new payment methods and seamless integration across multiple platforms identified as important factors in their choosing and remaining loyal to a single sports betting platform.

Sue Page, Neosurf CEO Americas, said: “It was important to us to gain a more detailed insight into the US sports bettor. We wanted to talk to the players and ask questions that no one else is asking, and  through our collaboration with Betting Hero I’m delighted that we now have a comprehensive piece of research.

“Offering valuable insights into player habits – how and why they bet, the ongoing pain points they’re experiencing with payments and their thoughts on Responsible Gaming—we’ll be taking a deep dive into the results of the survey in our two-part webinar series starting at 10:00 ET on January 14th, and we encourage all US-focused operators and regulators to join us.”

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Gambling in the USA

Saracen Casino Resort Chooses QCI Chatalytics to Enhance Casino Operations with Integrated AI Solutions

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Saracen Casino Resort has selected Quick Custom Intelligence’s (QCI) Chatalytics, an integrated AI-driven suite, to revolutionize its casino operations and elevate guest experiences. The QCI Chatalytics solution, which includes Slot Copilot, Player Copilot, Dashboard, and the Robot Button, leverages OpenAI integration to provide real-time insights and streamlined decision-making across the casino floor.

QCI Chatalytics offers a powerful blend of AI-powered tools designed to optimize both player and slot management. With Slot Copilot, operators gain enhanced capabilities for real-time slot performance monitoring, predictive analytics, and dynamic task assignment. Player Copilot delivers personalized player engagement by analyzing customer data to inform service decisions and reward recommendations. The Dashboard component offers an intuitive, real-time display of key metrics, enabling data-driven insights at a glance. Additionally, the innovative Robot Button automates routine processes, allowing staff to focus on higher-value tasks and improve overall efficiency.

Clayton Mason, Senior Director of Marketing of Saracen Casino Resort, expressed enthusiasm about the partnership: “Integrating QCI Chatalytics into our operations marks a significant step in our strategy to harness the power of AI. With advanced tools like the Robot button, Slot Copilot and Player Copilot, we can deliver a more tailored and efficient experience for our guests while gaining deeper insights into our gaming operations.”

Dr. Ralph Thomas, CEO of QCI, shared his vision for the collaboration: “We’re excited to bring the capabilities of QCI Chatalytics to Saracen Casino Resort. By integrating OpenAI technology, our solution provides unprecedented levels of automation and insight. We believe Chatalytics will play a crucial role in optimizing floor operations and enhancing guest satisfaction through real-time, data-driven decision-making.”

The QCI Chatalytics platform is part of Quick Custom Intelligence’s commitment to driving innovation in the gaming industry, offering a comprehensive suite of solutions to streamline operations and enhance the player experience.

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