Inspired Gaming adds virtual sports betting in Italy, New Jersey

The spread of virtual sports betting continues at a steady pace after Inspired game announced that its virtual sports product, V-Football Evolution, will be available online on the regulated site and in all Italian outlets of SNAI from Monday June 6.

Inspired has also signed an agreement that will bring its virtual sports through Spin Games LLC’s Robust Online Client (ROC) to Casino of seaside resorts in New Jersey.

The deal with Resorts is Inspired Gaming’s second New Jersey deal. At the beginning of May, the Golden Nugget decided to add virtual sports betting thanks to its own agreement with Inspired.

The Italian market is bigger, but New Jersey may be bigger

SNAI is Italy biggest games company, with a presence both online and offline in thousands of outlets across the country. The 2015 turnover was around one billion euros and is expected to grow in 2016.

Fabio Schiavolin, CEO of SNAI, commented:

“The agreement between SNAI and Inspired allows us to significantly improve our offering on desktops and mobile devices, and to bring more innovative and engaging products to our customers. SNAI’s gaming and betting offer is therefore becoming more unique in Italy: we are the operator that can guarantee the largest game portfolio in our country.

The Italian population of 60 million is obviously much larger than that of New Jersey, but establishing a niche for its virtual sports betting products in the US market may be strategically more important to Inspired Gaming.

Even though national sports betting seems to be a distant prospect for the United States, this is not completely ruled out, so a profitable investment in New Jersey makes perfect sense as a long-term plan.

Virtual sports betting widely available for UEFA Euro 2016

SNAI’s adoption of the V-Football Evolution product comes at the right time for the Euro 2016 competition, which is expected to offer the biggest betting opportunity this year.

No. 2 in the games market is Sisal, which does not yet offer virtual sports betting. Sisal agreed to be acquired by private equity firm CVC Capital Partners this week.

Bet365 holds the largest share of the online sports betting market in the Italian regulated sector. It was uploaded with the virtual sports betting of Inspired in March of this year.

In a statement announcing the deal, Inspired claims dominant market share:

“Inspired currently supplies around 95% of the virtual land, online and mobile sports market in Italy. From the start, Inspired’s virtual sports have supported the development of a market of one billion euros per year in Italy, in just one year.

Inspired does not have the Italian market on its own. Microgaming, which operates regulated online poker and sports betting sites made his own announcement this week. He added virtual sports betting by BetRadar and Multimedia systems as well as Inspired Gaming.

New Jersey may be a small market, but it’s a testing ground for virtual sports in the United States

Phil katsaros, Business Development Manager for Inspired, North America, said:

“Virtual Sports is a game-changer and we couldn’t be more excited to partner with Resorts. Not only will resorts be among the first to offer virtual sports in North America, but they will also be the first to offer a truly convergent gaming product, where players located at the resorts can bet on the same virtual events taking place. online (and vice versa). -versa). We look forward to contributing to the rapid growth and continued success of Resorts.

Ed Andrewes, CEO of EAGCC, the company that runs Resorts Digital Gaming, agreed that virtual sports have enormous potential in the market:

“We are delighted to add the Inspired Virtual Sports product to our already extensive portfolio of games. It is a truly unique product in the market and I think it will prove to be very popular with and customers. The product is also custom designed to launch in our unique iGaming lounge at Resorts Casino Atlantic City.

Inspired Gaming is a British company, created in 2001 by Luke Alvarez who then sold it to private equity firm Vitruvian Capital in 2010 for £ 74.4million ($ 107million). Alvarez remains the CEO and has led the charge in virtual sports betting products.