Press Releases
1/ST TECHNOLOGY & AMTOTE SECURE LANDMARK DEAL WITH RUIDOSO DOWNS RACE TRACK
Ruidoso Downs Race Track in New Mexico has signed a multi-year betting services agreement for live racing with AmTote International, a product of 1/ST TECHNOLOGY – horse racing’s largest and most innovative racing and gaming company, and the leading wagering technology company in the US.
Ruidoso Downs is the state and regional leader for on-track attendance and betting handle, so this robust investment in its on-track technology – implemented during the recent off-season – brings new technology to the track, enhancing the betting experience for all in-venue customers. The Ruidoso Downs racecourse begins its summer racing season over Memorial Day Weekend when live racing starts on Friday, May 28. The 2021 season spans 15 weeks for a total of 47 days of live Quarter Horse and Thoroughbred racing.
The technology upgrade features V3000e self-serve terminals, which offer users an intuitive and rich graphical interface, alongside the F3000e teller and self-serve convertible terminal. In addition, mobile betting through AmTote’s MBet platform will also be deployed at Ruidoso Downs. The infield and indoor tote boards will accordingly be reconfigured with the latest LED indication.
1/ST TECHNOLOGY’s world-class products rank among the most trusted names in gaming, technology, and horse racing. While AmTote’s technology and services host the majority of racetrack operators in North America and are currently in operation at Santa Anita Park, Gulfstream Park, Saratoga Race Course, Belmont Park, Aqueduct and Woodbine, among many others, processing more than $15 billion in parimutuel and fixed-odds wagering around the world each year.
As the leaders in parimutuel and fixed-odds betting on North American horse racing, 1/ST TECHNOLOGY is perfectly positioned to capitalize on the evolving sports-betting scene across a highly-fragmented US landscape. The capacity to offer players both parimutuel and fixed-odds in lockstep shows that these segments can be highly complementary over time, resulting in significant market growth, player education, and product diversification. Ultimately, through wise stewardship and deployment, 1/ST TECHNOLOGY now intends to secure the sustainability of pulsating, high-class horse racing, updating a popular legacy sport for the demands of a modern audience.
Jeff True, President and General Manager of Ruidoso Downs Race Track, said: “AmTote is a company I am very familiar with and have a great deal of confidence in. This new technology will redound to the benefit of the New Mexico racing industry for years to come.
“Running the 2020 season with 10% occupancy was a challenge, and we can’t wait to welcome fans back to Ruidoso Downs this summer. Although it’s been a rough year for everyone, we are excited to have our horsemen, horses and fans back on the mountain, alongside some of the latest state-of-the-art products to bolster the customer experience.”
Keith Johnson, Chief Revenue Officer at 1/ST TECHNOLOGY, added: “Ruidoso Downs leads the state and the region in live, on-track attendance and handle, so betting technology matters to us. Consequently, we’re proud to be associated with the entire team at Ruidoso Downs and to now be hosting yet another of the world’s major racing events with the world’s richest Quarter Horse race, the All American Futurity, for many years to come.
“It’s a real thrill to see AmTote and Ruidoso Downs working together to return value back to North American racing in these challenging times.”
Latest News
THE UNIT TO STEP UP EXPANSION PLANS WITH OPENING OF NEW YORK CITY OFFICE
The Unit aims to grow its presence in the Americas with move to new Manhattan location in January 2025 at Bank of Ireland’s NYC Hub
The Unit, a leader in product design and development for sports betting and iGaming, will proudly open its new office in New York City, as part of its long-term global expansion objectives, in January 2025.
The Americas division was established in 2023 with the launch of The Unit’s partnership with online operator PlayStar Casino. The New York City office, located in the heart of Manhattan, will now be the hub for The Unit’s activity in the Americas.
This new base will be located at Bank of Ireland’s NYC Hub, which was launched to help Irish business owners expand their North American operations. The offices at 2 Grand Central Tower are a great asset to Irish companies aiming to expand their operations in the United States and beyond. This is an ideal location for The Unit to grow its footprint in the region.
The project will be put into practice by The Unit’s Head of Business Development & Account Management Mark O’Hare, who has relocated to New York and will be responsible for The Unit’s commercial growth in the region.
With product and development teams in Ireland and Moldova, the addition of an American hub is further proof The Unit holds an unwavering commitment to becoming the partner of choice, on a global scale, throughout the industry.
Paddy Casey, Co-founder at The Unit, said: “These are exciting times for The Unit, and with plans in place to exponentially grow our presence in the Americas across the next few years, the start of 2025 will be the perfect time for us to move into one of the most vibrant cities in the world.
“This will be the ideal addition to our existing bases in Ireland and Moldova. The flexible workspace the hub can provide will be integral to our plans and will give us the opportunity to grow the team.
“This is an excellent opportunity for us to touch base with clients in the Americas and strategise further launches. We’re looking forward to mapping out our future in the region with our team on the ground there.
“I would like to thank Mark O’Hare for making the move to New York, and I’m sure both he and his team will have the skills and experience to execute our vision for the Americas division across the long-term.”
Tania Sheikh, Manager of NYC Hub for Bank of Ireland, said: “We are very pleased to welcome The Unit to the NYC Hub. The facilities we can provide have helped businesses scale up and connect with their partners, and we are proud to offer that opportunity to The Unit.
“We look forward to hosting The Unit and wish them well in their endeavors to grow their business here.”
The Unit has solidified its strong track record of building world-class, scalable and efficient products for the sports betting and iGaming sector in recent years.
As The Unit embarks on this exciting period of growth, the company remains committed to delivering exceptional products and services to its clients. With its experienced team, best-in-class product development capabilities, and focus on innovation, The Unit is poised to shape the future of the sports betting and iGaming industries.
Latest News
Golden Matrix Group to Participate in the 2025 ICR Conference
Golden Matrix Group Inc., a developer and licensor of online gaming platforms, systems, and gaming content, today announced that management will participate in the 2025 ICR Conference on January 13-15, 2025 at the Grande Lakes Resort in Orlando, FL.
Zoran Milosevic, Chief Executive Officer of Meridianbet, will participate in a fireside chat with an equity research analyst on Monday, January 13, 2025, at 2:30 PM ET and will also be available for meetings during the conference.
Canada
Be #GiftSmart: Scratch the Idea of Gifting Scratch & Win Tickets to Kids
BCLC reminds adults to gift responsibly this holiday season
With the holiday season in full swing, BCLC is reminding British Columbians to gift responsibly and scratch lottery products from their shopping lists for kids.
“Scratch & Win tickets can make great stocking stuffers for the adults in your life, but they’re not for kids,” said Ryan McCarthy, BCLC’s Director of Player Health. “The research shows that children who have early encounters with gambling are four times more likely to develop riskier gambling behaviour as they grow up. While people are out shopping for those last-minute gifts, BCLC wants adults to be aware of the potential risks associated with gifting lottery products to children and to consider safer alternatives.”
While Scratch & Win tickets are among the most common ways kids can be introduced to gambling, children are increasingly exposed to various online forms, such as gambling streams.
“With the convergence of gaming and gambling, youth are becoming more exposed to gambling content in online spaces like streaming sites, where creators are able to live-stream their own gambling, usually while playing online slots and instant games,” said Dr. Luke Clark, Director for Gambling Research at UBC. “Our research at the UBC Centre for Gambling shows that a higher frequency of watching online gambling streams is associated with a more positive attitude towards gambling and a high intention to gamble in the future.”
In B.C., it is illegal to sell lottery products to anyone under the age of 19 and BCLC encourages adults to have conversations with the kids in their lives about the risks associated with gambling.
“Open and honest conversations are crucial when it comes to navigating childhood exposure to gambling,” said McCarthy, who shared the following tips to adults:
- Monitor for gambling-related lifestyle changes. For example, developing a positive attitude towards gambling or a preoccupation with video games or streaming sites.
- Be a positive role model. Exhibit safer gambling behaviour and talk about the risks.
- Limit exposure. Monitor kids’ online activities and discourage engagement with gambling content. Explain how gambling is based on chance.
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