IGT Partners with Monarch Casino & Resort Inc. for Sports Betting Expansion in Nevada and Colorado
Rhea-AI Summary
IGT (NYSE: IGT) has expanded its sports betting presence in Nevada and Colorado through a partnership with Monarch Casino & Resort, Inc. (Nasdaq: MCRI). The agreement involves IGT's PlaySports technology and services powering retail and mobile sports betting at Atlantis Casino Resort Spa in Reno, Nevada and Monarch Casino Resort Spa in Black Hawk, Colorado.
As part of this collaboration, Monarch has launched new mobile sportsbook apps: Atlantis NV Sports and BetMonarch – Colorado, both utilizing IGT PlaySports technology. IGT's platform is known for its versatility in the U.S. B2B sports betting market and was recently named 'Sportsbook Platform Provider of the Year' at the 2024 EGR North America Awards.
Positive
- Expansion of IGT's sports betting footprint in Nevada and Colorado
- Partnership with Monarch Casino & Resort for retail and mobile sports betting
- Launch of new mobile sportsbook apps utilizing IGT PlaySports technology
- Recognition as 'Sportsbook Platform Provider of the Year' at 2024 EGR North America Awards
Negative
- None.
News Market Reaction – IGT
In the trading session that priced this news, IGT declined 1.34%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
"We're excited to introduce
As part of this new collaboration, Monarch Casino & Resort, Inc. has launched all-new mobile sportsbook apps, Atlantis NV Sports and BetMonarch –
"IGT PlaySports is delighted to partner with Monarch in the modernization of their sports betting offerings in
IGT PlaySports was recently named "Sportsbook Platform Provider of the Year" at the 2024 EGR North America Awards. For more information, visit IGT.com, or follow IGT PlaySports on LinkedIn.
About IGT
IGT (NYSE:IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Lotteries and Gaming Machines to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivaled gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 jurisdictions around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately 11,000 employees. For more information, please visit www.igt.com.
About Monarch Casino & Resort, Inc.
Monarch Casino & Resort, Inc., through its subsidiaries, owns and operates the Monarch Casino Resort Spa ("Monarch Black Hawk") in
Monarch
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SOURCE International Game Technology PLC