Two prominent companies in the sports betting and compliance technology sector, US Integrity (USI) and Odds On Compliance, have officially revealed their intention to merge. This strategic amalgamation is set to create a powerhouse in the realm of compliance and integrity solutions with a global footprint. The deal, anticipated to close later this month, is contingent upon regulatory approvals, customary closing conditions, and shareholder consent.
Background:
Both companies had previously collaborated in the launch of Secure Sports Solutions (S3), a joint venture that focused on providing cutting-edge compliance technology solutions to the sports betting and gambling industry. The success of this partnership laid the foundation for their decision to join forces officially.
Leadership Transition:
Upon completion of the merger, Matt Holt, the current CEO of US Integrity, will assume the role of CEO for the combined entity. Mr. Holt expressed his enthusiasm, noting the merger’s potential to set new industry standards in sports betting and gambling compliance.
Comprehensive Services:
Eric Frank, the CEO of Odds On Compliance and the future president of the merged company, emphasized the commitment to aiding the industry in navigating the intricacies of the highly regulated sports betting and gambling sector. The merged entity will be poised to deliver an all-encompassing suite of compliance and integrity technology products and services, catering to a global clientele.
The merger of US Integrity and Odds On Compliance signifies a strategic move to consolidate expertise and resources in the sports betting compliance and integrity solutions field. With their combined strengths and experience, the new entity is well-positioned to shape the industry’s future and offer a wide array of services to meet the complex needs of the global sports betting and gambling sector. This merger holds the promise of enhanced offerings and a broader reach, reinforcing their collective commitment to excellence and innovation.