In an interview with SBC News, Isaacs said: “The industry landscape today is changing faster than ever, and the future is very much online.

“You shouldn’t underestimate the big suppliers on the land-based side as they’re going to play a significant role in shaping how things evolve, but there are some great companies out there such as SBTech that have already made huge progress in all the key regulated markets, and that are going to continue to make huge inroads across new and emerging jurisdictions such as the US”

Isaacs told SBC that his first three weeks at SBTech had been a flurry of activity. “The first thing I’ve done is to travel to all the SBTech offices in Bulgaria, Tel Aviv, Kiev and finishing in London to meet with various executives and teams to understand the products more so I can then sit down with the rest of the management team to help shape the business’s strategy.

“I’ll be using my previous experience to help the company navigate regulated markets, in particular the US, regulated US states and those states that are considering opening in the coming months and years.”

Isaacs said his new role represented a conscious move away from the land-based gaming sector, where he has been such an influential figure, and into igaming.

“I had run several large land-based gaming companies and asked myself whether I wanted to do it again,” he said.

“After a great deal of thought, I felt that I needed to look to the future and assess where I could make an impact within an area where I believe the industry is heading, and that is online with sports initially being the main driver.

“The industry landscape today is changing faster than ever, and the future is very much online,” said Isaacs.

“The potential is huge, and SBTech is investing significantly in its technology and infrastructure on the ground to enable it to maximise this long-term opportunity. Being based in Las Vegas and having worked here for several years across many of the industry’s largest suppliers I will be able to use my knowledge of the US market to support and grow the company’s US expansion.”

Read the full interview with Gavin Isaacs on SBC News here

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With over 10-years of industry experience, joining from DraftKings, Stefanescu’s role will be to “define the company’s strategy” and address market requirements. Moreover, she will also be in charge of identifying customer needs, as well as developing business plans for each of the supplier’s products. 

On her appointment, Stefanescu noted: “I am so excited about this opportunity to join a company like Pariplay that has had a fantastic journey so far and with a bold strategy for the future. 

“I look forward to implementing my knowledge and experience to deliver additional growth and strengthening operations together with the committed team at Pariplay.”

As aforementioned, Stefanescu joined Pariplay from DraftKings, where she held various roles, most recently as Director of Gaming Operations. Prior to said role, she was named COO of EveryMatrix before being named as Interim CEO of CasinoEngine. 

Her other roles also include a period of time at SBTech as the firm’s Head of Casino Products. 

Adrian Bailey, Managing Director at Pariplay, added: “We are thrilled to have Doina onboard, and this appointment further underlines our commitment to evolving our product offering and to further establish ourselves in markets around the globe. 

“We believe that we offer the best service in the industry, and this move further solidifies our commitment to ensuring our delivery is world class.

“Doina’s industry experience is second to none and she will become an invaluable member of the team as we execute our ambitious growth plans.”

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Adding over $800m to its balance sheet and ending the second quarter with over $1.2bn in cash and no debt, revenue for the three month period to June 30, 2020, dropped 23.5 per cent from $57.3m to $70.9m year-on-year.

DraftKings said it had a loss of $161.4m, or 55 cents a share, during the period, as opposed to the loss of $28.1m, or 15 cents a share, posted during the same period a year earlier.

For the first six months of the year revenue increased 27 per cent to $159.4m (2019: $125.4m) year-on-year, with a loss of $230.1m, or 97 cents a share, as opposed to a loss of $57.6m, or 31 cents a share, in 2019.

On a pro forma basis, including the effect of the company’s business combination with SBTech and Diamond Eagle Acquisition as if it had been completed on January 1, 2019, revenue would have been $75m during Q2, compared to $83m during the same period a year earlier.

As sporting events began to resume, the company reported an increased engagement with its sports-based product offerings, which contributed to sequential monthly revenue improvement during the second quarter. This positive momentum is said to have accelerated with the return of MLB, the NBA, WNBA, the NHL, and MLS.

Furthermore, the company is also introducing fiscal year 2020 pro forma revenue guidance of $500m to $540m, which equates to year-over-year growth of 22 per cent to 37 per cent in the second half of 2020. 

However, this assumes that the professional sports calendar remains as currently contemplated and that DraftKings operates in the states in which it’s currently live.

“We believe that the best product will ultimately win with the American consumer,” said Jason Robins, DraftKings co-founder, CEO and chairman of the board. “As a technology first organisation, we will continue to focus on bringing new and innovative products to market that strengthen our engagement with customers and maintain our competitive differentiation.”

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The entire portfolio of Playson’s titles will go live as a result of the agreement, with games such as Solar Queen, the Book of Gold trilogy and Buffalo Power: Hold and Win now integrated to the casino, alongside its Timeless Fruits Slots portfolio and new Funky Fruits series.

The deal also gives SpaceCasino access to Playson’s integration-free engagement tools which include seamless play, free spins, regular tournaments with daily prize drops, and jackpots.

Dan Vikman, head of business development at STech, stated: “Delivering the highest quality products to our customers is paramount here at STech and providing players with the best games on the market has always been our driving force.

“We plan to increase the number of our brands in the near future, and it is great to have Playson on board as we extend our reach to an even larger audience with SpaceCasino in the UK.”

The move sees Playson continue to expand its presence in regulated markets across the globe, following partnerships made alongside Octavian Lab, EGT Digital, SignorBet, Boss Gaming Solutions and SuperSport last month.

Michael Tadross, head of account management at Playson, added: “The UK audience has always been a focus for Playson and we’re thrilled to be able to entertain even more of its players with our popular titles.

“SpaceCasino has been fantastic to work with and we are excited to be providing its customers with the bespoke gaming experience for which we are now renowned.”

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Finalising last month and officially beginning its listing on the Nasdaq under the ticker symbol ‘DKNG’, revenue for the pair in the three months to March 31, 2020, came in at $112.99m, representing a 23.1 per cent increase from $91.78m.

Asserting that the company does not anticipate an impact to FY2021 or long-term plans due to COVID-19, the headline revenue figure was made up of $88.54m by DraftKings, a 30 per cent increase from $68m, and $24.44m (2019: $23.69m) by SBTech, as global sporting cancellations impacted performance across the period.

Net loss for the two enlarged to $76.23m (2019: $30.07m,) as those at the legacy DraftKings business reached $68.68m, 133 per cent larger than 2019’s $29.55m, with SBTech swinging from a profit of $522,000 to a loss of $7.55m.

Adjusted EBITDA for 2020’s first quarter came to a combined -$50.38m (2019: -$15.72m), DraftKings fell to -$49.46m (2019: -$20.41m) with SBTech reaching -$920,000 from $4.69m.

“We are uniquely positioned at the intersection of digital sports entertainment and gaming in a rapidly growing industry,” said Jason Robins, DraftKings co-founder, CEO and chairman of the board.

“DraftKings recorded standalone Q1 year-over-year revenue growth of 30 per cent despite the effects of COVID-19. Additionally, the engagement we continue to see from our customers validates the connection they have with our content, their passion for our products and most importantly their loyalty to our brand.”

Lauded recent igaming entries into Pennsylvania, online sports betting in Colorado and online and retail sports wagering in Iowa, Boston-based DraftKings stresses an expectation to make progress on its key priorities despite the effects of the COVID-19 pandemic. 

These include continuing to enter new states, investing in product and technology in a bid to create more unique offerings and live betting for American-based sports, and acquiring and retaining our customers.

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As a result of the combination, which gained approval from Diamond Eagle stockholders yesterday, the firm comments on the creation of “the only vertically-integrated, pure-play sports betting and online gaming company based in the United States with full control of its backend technology and trading platform”.

“Today marks another milestone for DraftKings and the future of digital sports entertainment and gaming in America,” explained Jason Robins co-founder and CEO of DraftKings. 

“By bringing together our leading consumer brand, data science expertise and industry-leading products with SBTech’s proven technology platform, we will accelerate our innovation, growth and scale. I am confident that the new DraftKings will progress our goal of offering the best, most innovative sports and gaming products to our customers.” 

In addition to Robins, DraftKings will continue to be led by a management team that includes Matt Kalish, co-founder and president of North America, Paul Liberman, co-founder and president of global technology and product, R Stanton Dodge, chief legal officer and Jason Park, chief financial officer. Robins will also serve as chairman of the board with Harry Sloan of Diamond Eagle serving as vice chair.

DraftKings, which has approximately 2,300 worldwide employees, will maintain its global headquarters in Boston, as well as additional US-based hubs in Hoboken, Las Vegas, New York and San Francisco, and international offices including Dublin, Kyiv, Plovdiv, Sofia and Tel Aviv.

Slain previously said of the transaction: “We are pleased to bring DraftKings and SBTech together as one public company. DraftKings is already a premier online fantasy sports and betting platform. 

“With the full integration of SBTech’s technology and innovative product expertise coupled with the right capitalisation, DraftKings will be in a great position to continue its ambitious expansion plans in the United States.

“I have known Jason Robins for four years, and consider him a true entrepreneur. I believe our investors share my utmost respect for his vision and leadership.”

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Becoming the latest in a string a deals stuck by the content supplier, BetGames.TV’s portfolio boasts card games such as Speedy 7 and War of Bets as well as the possibility to place bets on Baccarat, poker, dice games, and a variety of lottery draws taking place every five minutes

Furthermore, the titles also offer several proprietary player engagement features such as jackpots and system bets with new innovations in development, such as tournaments.

The roll-out of the partnership will initially be enjoyed by SBTech partners licensed across the United Kingdom, Malta, Curacao and South Africa.

Letizia Angelo, commercial partnerships director at SBTech, said of the link-up: “BetGames.TV is a pioneer in the field of live dealer games and its diverse offering appeals to a wide range of player demographics. This latest integration marks an invaluable addition to the SBTech platform.”

BetGames.TV, which holds multiple licences and accreditations, was named Rising Star in Casino Innovation at the highly acclaimed SBC Awards 2019.

Richard Hogg, chief commercial officer of BetGames.TV, stated: “Partnering with SBTech is a milestone moment for us as it will enable us to reach a wide audience through its extensive network of premium gaming operators.

“In this current climate of sports events being cancelled across the globe, our portfolio offers players unique betting opportunities with great win potential as we offer frequent events taking place 24/7.”

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Entering an agreement to supply its portfolio of casino content and marketing tools to the platform provider, it follows “several high-profile operator deals” inked by the firm.

Distributing its entire RGS portfolio of casino and slot content to SBTech’s platform partners, the direct integration with the company’s igaming platform will enable partners  access to a multitude of content.

Making a library of more than 250 games available, Oryx’s RGS includes proprietary content and titles from partnered studios such as Gamomat, Kalamba, Golden Hero and Givme Games.

“We are delighted to add Oryx’s content to our award-winning igaming platform further expanding our casino content mix for our partners,” Letizia Angelo, commercial partnerships director at SBTech, said of the partnership.

“SBTech is committed to driving partner revenues in all verticals and by adding Oryx’s extensive range of gaming content we will continue to do so in these challenging times.”

SBTech, which powers a number of operators across Europe, including Virgin Bet and Mansionbet, will also soon be able to benefit from a variety of unique and localised content as well as advanced marketing tools such as promotions, leaderboards, tournaments and jackpots.

Matevz Mazij, managing director of Oryx Gaming, noted: “We’re thrilled to announce yet another partnership in what has been a very successful period for us in terms of growing our partner network of top operators and successful integration with tier one platform providers. SBTech powers some fantastic betting and casino brands in many regulated jurisdictions which will give us access to a new and wide-reaching player base.”

Oryx is licensed by the Malta Gaming Authority and the Romanian National Gambling Office and is compliant, certified or approved in 14 other major jurisdictions.

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The new partnership includes a Lucky Numbers product and integration with BetGames TV which allows players to bet on live lottery draws and live games using bespoke, localised payment options.

Since 2007, the group has developed its online sports betting and casino platform, serving licensees in more than 15 regulated territories.

Andrew Cochrane, chief development officer, SBTech, said: “We are thrilled to enter another major regulated market with Bet.co.za, one of South Africa’s premium gaming operators.

“A significant amount of collaborative work has taken place behind the scenes ahead of this migration and going live with Bet.co.za marks a key milestone in this ongoing partnership.”

The new link up allows Bet.co.za to make use of a tailored trading and risk management strategy which has been localised for the South African market.

Scott Canny, CEO, Bet.co.za, added: “SBTech is renowned for its cutting-edge technology and by migrating to its platform we will be able to offer our customers an enhanced, elevated and fully customised experience unlike anything else available in the South African market.”

“Our local marketing expertise and SBTech’s product are a perfect match and Bet.co.za is now positioned to cement its place as the best online bookmaker in the country.”

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As part of the agreement, SBTech will offer Pin Projekt’s live service which features over 2,000 daily draws from four different studios, while also including over 20 betting games from its platform partner.

Andrew Cochrane, chief development officer at SBTech, stated: “We are delighted to be working with Pin Projekt to provide a wealth of live lottery content to our platform partners. SBTech is committed to adding high quality content onto our platform that drives revenue, and this latest partnership showcases this perfectly.”

The service will be rolled out across various channels including; desktop, mobile and retail and will be made available on a 24/7 basis.

Under the terms of the deal, Lotto Instant Win, a Pin Projekt brand, will also be offered, resulting in players gaining access to over two million official draws being completed through a continuous and uninterrupted steam hosted by live dealers.

Ivan Grković , CCO at Pin Projekt, added: ‘’SBTech is undoubtedly the leading platform provider in the gaming industry and we are excited to enter the big league with them while SBTech has recognised the superior quality and uniqueness of our innovative and integrated services. 

“Having been recognised by such a reputable company will definitely boost our credibility and give us a push to continue developing the best live lottery betting service out there.’’

This follows SBTech’s recent announcement this week that it has entered the South African market following a deal to launch its full sportsbook and igaming platform with the online and mobile sports betting brand Bet.co.za.

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