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sports betting and iGaming market expands.After recently entering Michigan’s sports betting and iGaming market, Churchill Downs Incorporated (CDI) (NASDAQ:CHDN) has inked multi-year agreements with Game Account Network (GAN) and Kambi Group plc for its BetAmerica sports betting brand. The high volatility slot features mystery symbols, reel modifiers, and extra spins with symbol upgrades, along with a potential for wins of over 40,000x....

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”Kambi added that the agreement “is expected to have a small positive impact” on its 2020 revenue but that the “partnership has the potential to become a material source of revenue over the course of the contract.“BetAmerica will benefit from the proven excellence of these market-leading providers. The high volatility slot features mystery symbols, reel modifiers, and extra spins with symbol upgrades, along with a potential for wins of over 40,000x....

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”The CDI subsidiary will leverage Kambi’s sports betting offering with its integrated online gaming platform to be powered by GAN’s US-optimized enterprise software.The London-headquartered supplier went on to say that it will publish third-party sports betting content obtained from Kambi which is currently integrated into its platform and available to clients. sports wagering landscape....

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”Tier-one operator:GAN, meanwhile, said that due to CDI’s “expansive range” of US-based retail gambling assets free video slots online casino fsgvand its “existing market agreements for Internet gambling,” it classifies the Churchill Downs parent company as a “tier one” operator client. CDI has since entered multiple states with BetAmerica.”In a company press release, Chief Executive Officer for Kambi, Kristian Nylén, said…“It’s a pleasure for Kambi to be partnering with CDI and its BetAmerica brand, which has the potential to benefit from its market access and existing customer database....

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”For its part, CDI Chief Executive Officer Bill Carstanjen said…“We believe the transition to Kambi and GAN as our new technology providers will enable our team to execute the rollout of BetAmerica sportsbooks and iGaming product offering more efficiently as states move to legalize and implement regulations permitting sports betting and iGaming in the coming years. CDI has since entered multiple states with BetAmerica.”Malta-headquartered Kambi Group said the deal will “position BetAmerica to capitalise on its market access to offer Kambi’s industry leading online and on-property sports wagering experiences to new and existing players....