OpenBet Sets Sights on Future Expansion Following More than 40% Growth in Global Customer Base over the Past Year
Award-winning sports betting provider looks to build on current momentum
08 August 2024: OpenBet, a leading technology, content and services provider to the sports betting and gaming industry, is focused on continued success and growth following strong momentum from new customer deals and expansion of its modular product suite.
In the first half of 2024, OpenBet’s global customer base grew by more than 40% year-on-year, and it now stands at over 200 partners. As part of Endeavor since 2022, OpenBet has added new customers including Australian wagering giant Tabcorp and World Lottery Association (WLA) operators OPAP, Veikkaus, Westlotto and Tabcorp – marking 20 WLA customers globally.
Through the course of the last 12 months, OpenBet has continued to deliver on its commitment to innovation and product development through with the introduction of a regulatory technology vertical following the acquisition of Neccton; launch of ground-breaking geolocation technology through OpenBet Locator™; and continued investment in best-in-class core platform products and pricing solutions.
More recently, Endeavor combined IMG ARENA’s data rights and capabilities under the OpenBet banner to create an end-to-end sports data, technology and content ecosystem for betting operators and rightsholders. Under the leadership of OpenBet CEO Jordan Levin, an ongoing strategic review of IMG ARENA’s offering aims to further maximize its potential.
The award-winning sports betting provider continues to invest in its best-in-class platform, products and services entrusted by global operators across leading betting and gaming conglomerates. OpenBet is also focused on pursuing opportunities with the launch of Brazil’s newly regulated sports betting marketplace, which is anticipated to become one of the largest in the world.
As part of the Silver Lake take-private transaction announced in April 2024, Endeavor had disclosed its intent to transfer, divest or sell certain business units or assets excluding TKO and any of its subsidiaries and the agency representation business of William Morris Endeavor Entertainment, LLC and its subsidiaries.
Endeavor disclosed in its second quarter 2024 earnings results that it has initiated a process to sell the businesses comprising its Sports Data & Technology segment, which includes OpenBet and IMG ARENA. During this process, the business will continue operating as usual and remains fully committed to delivering an ecosystem that reimagines safe betting entertainment for billions of sports fans.
Jordan Levin, CEO of OpenBet, said: “OpenBet has consistently advanced the vision of delivering an ecosystem that reimagines safe betting entertainment for billions of sports fans. Reflecting on our growth trajectory within the Endeavor network brings me immense satisfaction.
“Endeavor has been a great platform to accelerate and build on our most recent strategy, as demonstrated by the impressive growth in our global customer base over the course of the year. As we build on this very solid foundation, I’m very excited about what the future holds for OpenBet and confident that we will maintain our track record of innovation and excellence regardless of future changes in our ownership structure.”
OpenBet is a world leader in sports betting entertainment. With over 25 years’ experience and a track record of innovation, OpenBet’s modular range of technology, content and services is entrusted by the globe’s biggest sports betting brands, lotteries, casinos and tribal operators. It is a leading business-to-business sports betting partner and solutions provider globally.
About OpenBet
OpenBet is a world leader in sports betting entertainment, with over 25 years of experience and a passion for innovation. Its modular range of technology, data, content, and services is trusted by over 200 major sports betting brands, lotteries, casinos, and tribal operators across the U.S., U.K., Australia, Canada, and more.
Recently, OpenBet enhanced its regulatory compliance capabilities with the acquisition of Neccton and the launch of OpenBet Locator, its cutting-edge geolocation solution. The addition of IMG ARENA’s data rights further elevates OpenBet’s end-to-end sportsbook ecosystem for betting operators and rightsholders.
With a management team boasting over 60 years of combined gaming industry experience, OpenBet has earned industry recognition through multiple awards, including ‘Sports Betting Supplier’ at the EGR North America Awards 2024, ‘Multi-Channel Supplier’ at the EGR B2B Awards 2024, and ‘Sportsbook Platform Supplier’ at the SBC North America Awards 2024.