AmTote, the bet-processing company owned by The Stronach Group, has struck a deal with sports data provider Sportradar, which will give US customers the ability to offer fixed-odds sports betting.
The deal between the two firms has emerged on the back of the repeal of PASPA, and will see Sportradar provide the Maryland-headquartered company with sports-betting data and “managed trading services” – a term that refers to the use of multiple fixed-odds betting platforms allowing one bookmaking operation to place wagers with other bookmaking operations in order to reduce risk by laying off bets.
“We have long looked forward to the day that we could fully leverage our Spectrum wagering platform for our traditional customer market in the US, combining its extensive fixed-odds sports betting capabilities with our pari-mutuel products,” said AmTote President Keith Johnson.
“The addition of Sportradar to our solution provides a truly best-in-class turnkey product that will allow AmTote’s U.S. customers to implement sports betting in a manner that integrates seamlessly into their existing infrastructure and operations.”
“We are extremely pleased to be supporting AmTote’s sports betting platform with our MTS services. Our teams have been working closely together over the last few months and we look forward to helping AmTote customers to make the most of the sports betting opportunity across the US,” Sportradar Vice President of Sales Neale Deeley added.