Partnership to deliver revolutionary new sports betting solution for operators in industry first
London, Monday 16th September 2019 – Amelco, the leading sports betting software and trading services provider has teamed up with RISQ to offer a unique model to sportsbook platforms and their clients.
The first of its kind, the collaboration will see Amelco offer its clients the option a fixed percentage of sports betting turnover rather than the traditional gross gaming revenue-led deals where their clients are exposed to loss making periods.
Traditionally, when an operator decides to offer sports betting as a standalone or additional product vertical, it splits revenues with the platform provider and usually in favour of the client, however – when a sportsbook has a losing month, the client also takes all the downside.
In partnership with RISQ, who will provide its financial liquidity and sports trading expertise to take on the risk posed by the variance inherent in sports betting, Amelco believes this new industry model will redefine operator-client sports betting partnerships.
Commenting on the deal, Sam Foulkes, Trading Director at Amelco said:
“This service is set to offer the industry a completely new trading instrument and a unique opportunity for our clients – and we’re delighted to be delivering something so innovative.
“RISQ is unrivalled when it comes to experience in sports betting analytics, coupled with access to liquidity, risk management tools and pricing expertise – and this service is a very exciting proposition.”
Tom Mitchell of RISQ added:
“We’re thrilled to partner with a leading, established tech company like Amelco on this deal and to notch-up another industry first. We feel this really is something very innovative that cements our position at the forefront of risk management and sports trading services for the global gaming industry.”
With more than a decade of experience in supplying tailored software solutions for pricing, trading and execution, Amelco provides bespoke enterprise sports betting and trading platforms to a large number of leading sportsbooks around the world.
As well as its latest groundbreaking proposition, this year has also seen Amelco launch Quantum Omnichannel, the industry’s first fully automated price differentiation model, as well as Quantum Outrights, the industry’s most advanced football outright pricing model.
About Amelco
Headquartered in the City of London, Amelco utilises the best technical talent available to supply some of the most cutting edge modular and end to end solutions ever seen in the industry. Born out of a history of building software solutions for pricing, trading and execution platforms in the fintech sphere, Amelco is the supplier of choice for a number of the industry’s multi-territory tier-one operators, including Flutter, GVC and Stars Group.
About RISQ:
InsuranceRISQ’s iGaming insurance Platform iGiP™ offers flexible solutions for operators and platform-providers to access some of the biggest non-networked jackpot pay-outs in the industry, whether that’s to create new concepts in Sports Competitions with life-changing jackpots or to back proprietary and betting on lottery content. RISQ’s insurance platform is backed by a team of innovative and experienced professionals in both risk and sporting analytics, leveraging over twenty A-rated global reinsurance markets.
SportsRISQ leverages its wealth of experience to offer bespoke consultancy services with the sports betting industry. SportsRISQ also provides data and pricing feeds for Tennis, Combat Sports and Cricket via its proprietary trading platform, giving accurate and in real time sports data api solutions with the lowest latency in the industry. Furthermore, SportsRISQ can provide hedging, enabling gaming companies to off-set their financial risk, including scenarios when companies want to take on additional risk. Sports RISQ can provide hedging channels for everything from sportsbook to bonus contracts based on real-world events.
For more information about RISQ: www.risq.uk
