One of the most successful fantasy sportsbook software providers, the Greek Fantasy Sports Interactive company has just recently announced the signing of an important strategic business deal with the Scientific Games Corporation firm. According to the terms and conditions of this business deal, Fantasy Sports Interactive will supply its online sports betting solutions, tools, and other innovations to the USA-based gaming behemoth.

The Athens-based company used its official press release from the 26^th of May to share more details about its latest business arrangement. In this statement, the company’s officials proclaimed that the business deal allows the company’s innovative collection of online gambling and gaming offerings to go live to Scientific Games Corporation’s OpenMarket online sports betting platform which is accessible to punters across the globe.

Details About Fantasy Sports Interactive

As suggested by the company’s name, the privately-held firm which emerged on the scene in 2016 is a prominent software content developer for daily fantasy sports and fantasy sports white-label gaming services. Moreover, Fantasy Sports Interactive is also the owner of the proprietary iGaming platform that offers a full range of services and tools to online casino gaming operators, online sports betting operators, newspapers, lotteries, and other interested websites that use fantasy sports services for customer acquisition and marketing plans.

As mentioned on the company’s official website, its powerful, back-end system is based on the popular Microservices Architecture that provides interested iGaming operators the ability to more services of the network whenever they want as well as scale horizontally. Nothing less powerful is the application’s frontend department which is crated as a Single Page Acquisition packed with a number of reusable components that allow flexible customization as well as module replacement as requested by customers.

OpenMarket Integration

Commenting on its latest business deal, officials at Fantasy Sports Interactive stated that this deal will allow online sports betting operators across the globe to easily integrate the company’s entire collection of online fantasy sports betting games and solutions as standalone products. Interested operators will also have the ability to integrate the company’s iGaming products and solutions via an all-encompassing Scientific Games Corporation’s OpenMarket integration.

Once the business arrangement is completed, the company’s released and upcoming fantasy sports and online sports betting innovations will also serve diverse skill gaming activities while allowing online sports betting operators to enrich their offering via cross-selling opportunities and increased customer engagement.

The company’s Chief Executive Officer Dennis Tsalikis used one of his latest press releases to proclaim that the business alliance with Scientific Games Corporation will also see the American gambling behemoth be supplied with full access to Fantasy Sports Interactive’s Fixed-Odds Fantasy iGaming product. This sportsbook product utilizes a powerful AI-based algorithm that generates odds feeds.

Dennis Tsalikis also said that he and his team are extremely proud and delighted to enter a business partnership deal with Scientific Games Corporation which is doubtlessly the world’s leader in digital gaming solutions. He also added that his company is looking forward to working alongside the American company to reach other global audiences with Fantasy Sports Interactive engaging and exclusive products. He also added that his company is certain that its business arrangement with Scientific Games Corporation will turn into a great, fruitful collaboration for both parties which will deliver positive results to the entire iGaming industry.

Scientific Games Corporation is one of the global leaders when it comes to the world of online casino gaming and land-based gaming. This American corporation was founded decades ago by John Koza in Las Vegas, the state of Nevada where the company is still based. Today, Scientific Games Corporation offers loads of gaming and gambling services and products to many different gambling and lottery organizations and companies around the world.

This publicly-traded firm based in Las Vegas also crafts mechanical and computerized table games, slot machines as well as instant lottery games, iLottery, and iGaming products alongside mobile applications, interactive gaming terminals, and much more used by online casinos and online sports betting sites. The company was the very first to introduce an instant lottery ticket back in 1974.

Today, it provides powerful systems that allow all interested retailers to print Powerball and Mega Millions tickets. Speaking of its success in the world of iLottery, Scientific Games has just recently scored another great supply deal with German lottery which means that the company will keep providing its lottery and other instant games to German LOTTO Thüringen after its contract has been extended for three more years.

Scientific Games Providing Its Products to LOTTO Thüringen

According to one of the company’s latest official press releases, Scientific Games Corporation was chosen to be LOTTO Thüringen’s partner following the closure of a rather competitive process. In the end, it was Scientific Games’ impeccable value of its products and services including its impressive digital games that have helped the company score this rather important supply contract deal which remains active for the following three years.

According to the terms and conditions of this partnership deal between the two organizations, Scientific Games digital services and products or eInstants will be available on the German Lottery the next year. Moreover, the nature of the business deal, the three-year business contract may be extended for an extra year sometime in the future.

Commenting on the news about Scientific Games remaining the major LOTTO Thüringen’s supplier of instant lottery games and services, the organization’s Chief Executive Officer Jochen Staschewski said that LOTTO Thüringen is looking forward to continuing its rather successful and fruitful partnership deal with Scientific Games Corporation which is one of the most prominent companies of this kind globally. Mr. Staschewski also said that LOTTO Thüringen is also looking towards the sustainable growth of its revenues for instant games in Thuringia. In his words, Thuringia is one of the several lottery markets in the country which continues to thrive and grow.

LOTTO Thüringen Working on Expanding Its Instant Games Portfolio

According to the German Lottery’s Chief Executive Officer Jochen Staschewski, LOTTO Thüringen’s growth is mainly driven by the organization’s instant games portfolio so the lottery has a great plan which involves further expanding and growing its already impressive selection of instant games which LOTTO Thüringen sells across retail locations. The German Lottery also plans to offer its customers loads of different digital instant games that they will enjoy any time, any place using their mobile devices.

Between the years of 2014 and 2018, Scientific Games Corporation was one of the major German Lottery business partners which at the time was responsible for the LOTTO Thüringen’s collection of instant games by a massive fifty-eight percent. In fact, the business partnership between LOTTO Thüringen and Scientific Games has been going strong and profitable for over twenty years now. Today, Scientific Games supplies all sixteen of the country’s state lotteries and will continue doing the same at least for three more years.

One of the biggest American companies that provide all sorts of gambling products, Scientific Games Corporation has recently announced that one of its subsidiaries, Scientific Games International Incorporated will set $1.2 billion-worth unsecured notes. This global gaming and lottery corporation based in Las Vegas has several prominent subsidiaries besides Scientific Games International Incorporated including Bally Technologies and WMS Industries.

Each of these companies is involved in the production of mechanical and computerized iLottery, iGaming, table and slot games in addition to the production of gaming services and terminals, server-based gambling terminals, control systems, social gaming platforms and even more. What is even more, Scientific Games Corporation was the very first company of this kind to launch an instant lottery ticket back in 1974.

In addition to being focused on the production of all sorts of gaming systems and terminals, the company also provides different kinds of point-of-sage gaming systems that allow retailers to print lottery tickets on their own such as Powerball and Mega Millions. Today, Scientific Games Corporation employs over eight thousand and six hundred people globally.

Set to Place Unsecured Notes

Regarding the details around the company’s latest decision made, they were revealed several days ago in one of the company’s official press releases. As stated there, the senior unsecured noted offered up for grabs made it live with the company’s bond placement which is expected to come due in 2019. It was also revealed that the senior unsecured notes will be combined with the company’s cash to eventually help the company pay off its selection of ten percent of senior unsecured notes that will expire in two years.

In its official press release regarding this matter, the Scientific Games Corporation’s officials also declared that all proceeds from this private placement will be used in order to fulfill the company’s $244 million-worth debt which is attached to an assortment of 6.25% its subordinate notes that are payable following year. Furthermore, the company’s official press release also stated that the proceeds from the latest placement will be also utilized in order to assuage any unpaid and accrued interest plus any kind of related premiums.

One Portion of the Offering to Be Set Aside

As the company’s officials stated in one of the latest press releases, a lesser portion of the offering’s income will be set aside to help satisfy costs and fees including related expenses and fees which are associated with the offering. The company’s official press release published on its website reads that the unsecured notes are guaranteed on the company’s senior basis including its subsidiaries and all related officials.

It was also revealed that the notes will be unsecured, hence they will not be registered under the state’s Securities Act from 1933. In other words, the notes will not be registered nor regulated by any state laws regarding this matter unless interested parties decide to register them. Unless registered in such manner, the noted cannot be sold or offered in the states expect the registration requirements posed by the Securities Act are applicable.

The news about this company’s placement came after the company’s officials revealed that its third-quarter revenues for the previous period had significantly improved by around 4.1% to reach around   $855. With these increasing numbers and the latest business move, the Las Vegas-based company had erased its $352 million-worth deficit from the last year.