BUSINESS

Scientific Games enhances sports-betting portfolio with purchase of Don Best

TAGs: Don Best, Scientific Games

Gaming solutions firm Scientific Games improved its foothold in the sports betting industry, after completing its acquisition of odds provider Don Best Sports Corporation and related company DBS Canada.

Scientific Games enhances sports-betting portfolio with purchase of Don BestA press release from the company said that the addition of Don Best’s expertise to its OpenBet products made for “an unmatched comprehensive library of sportsbook technology.”

The Don Best team will be a part of the SG Digital Sportsbook Operations service launched early this year, and to be headed by Don Best Managing Director Benjie Cherniak, who will be reporting directly to SG Digital’s Sportsbook Senior Vice-President Keith O’Loughlin.

O’Loughlin said, “For us, Don Best is a perfect piece in the larger sports betting puzzle, truly augmenting our comprehensive offering for sportsbook operators. Don Best’s trading platforms already seamlessly integrate into our OpenBet product suite, so the impact will be instantly beneficial.”

Cherniak, for his part, said the acquisition occurred during “a transformational time” in the industry, and that Don Best’s “specialized leadership, unmatched expertise in the North American market, extensive knowledge of the region’s most popular sports, and leading trading capabilities… will continue to augment our partners’ sports betting technology.”

Scientific Games CEO Barry Cottle said of the acquisition, “Don Best’s unrivalled pricing, trading and data services, combined with our new marketing services and OpenBet, our global leading sports betting technology platform, uniquely fortifies our position as the world’s leading sports betting provider, ready to help our customers win in the emerging U.S. sports betting market and beyond.”

Scientific Games recently added three experienced industry professionals to the ranks of its Sportsbook team in Gibraltar, to manage day-to-day operations.

The company reported a second-quarter revenue of $844.7 million, 10.2% higher than the same period last year. It posted a net loss of $5.8 million, less than the $39.1-million loss of the second quarter in 2017. Consolidated attributable earnings before interest, taxes, depreciation, and amortization (EBITDA) was $340.4 million for the quarter, up 8.1% from the corresponding period last year.

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