Spectrum Gaming Group and Spectrum Gaming Capital have announced that they have formed the Spectrum Gaming Sports Group as states, providers and operators prepare for the potential expansion of legal sports betting across the United States.
The Spectrum Gaming Sports Group is known as SG2 and is a global team of experts in all aspects of sports betting.
Michael Pollock, Managing Director of Spectrum Gaming Group, commented that Spectrum is committed to advancing best practices in all facets of gaming and that need is particularly acute in the burgeoning sports betting arena. He added that they are prepared to assist legislatures, gaming companies, regulators and sports betting companies understand and bring about sports betting in its best forms in the U.S.
Robert Heller, Chief Executive Officer of Spectrum Gaming Capital, added that a robust sports betting platform and business will be a key element of virtually every gaming operator’s customer offering and will require strong technological capabilities and capital to execute.
Included in the services provided by SG2 are –
- Public policy analysis and guidance
- Anti-money-laundering (AML) controls
- Drafting or amending legislation, regulations and RFPs
- Market projections
- Financial analysis
- Technological requirements
- Responsible-gaming programs
- Strategic advice*
- Capital raising*
- Mergers & Acquisitions*
Spectrum’s most recent activity in sports betting includes-
- Writing the Rhode Island Lottery RFP to select a sports betting service provider for the state
- Projecting state sports-betting revenue for the Washington StateGambling Commission.
- Projecting statewide daily fantasy sports and online gaming revenue for a Northwest Native American gaming operation
- Researching and modeling a comprehensive online sports betting business for a major European company
The SG2 team includes a number of experts and specialists.