Technology Company Continent 8 Debuts in North Carolina in Preparation for Online Sports Betting Start-up
Ahead of North Carolina's Online Sports Betting Debut, Continent 8 Steps Up
Get ready for the not-so-distant world of legal online sports wagering in North Carolina, as Continent 8 Technologies, a leading online gaming infrastructure provider, sets sail to offer top-tier solutions. With a foothold already established in 27 US states and counting, this Isle of Man-based powerhouse is gearing up to cater to local operators just before the state's market opens in early 2024.
So what exactly does Continent 8 bring to the table? Well, a "first-to-market" strategy across North America, a title that earned them the choice provider for around 85% of operators in the 2023 EGR US Power Rankings. Why such a significant advantage? Because their suite of solutions and unparalleled regulatory experience make them the go-to choice for operators looking to make their mark in the highly competitive and regulated gaming industry.
Governor Roy Cooper signed House Bill 347 into law in June, opening the gates for a maximum of 12 sportsbook operators to offer mobile and online wagering to North Carolina gamers. The state anticipates a robust online sports wagering market, with forecasts predicting North Carolinians will bet $6.8 billion by the second year, generating around $100 million in state revenue by year five.
Continent 8 Technologies' Chief Product Officer, Justin Cosnett, highlighted the importance of being proactive and offering operators seamless access to infrastructure solutions ahead of market openings. This approach ensures operators are fully prepared and ready to go from day one. Customers benefit from Continent 8's extensive facilities across each state, including North Carolina, which offer backup and disaster recovery services, ensuring smooth and uninterrupted operations.
Continent 8's Chief Revenue Officer, Nick Nally, stressed the company's unique regulatory knowledge and experience, which has been crucial in delivering its first-to-market approach in the US. With a sharp eye on North Carolina's regulatory developments, Continent 8 is confident in offering its comprehensive suite of iGaming hosting, connectivity, cloud, and security solutions - all tailored to meet the regulator's requirements.
So what can operators expect in the upcoming North Carolina market? A focus on compliance, resilience, and operational reliability, following closely in the footsteps of Continent 8's proven approach in other regulated markets like Brazil. In Brazil, Continent 8 offers a resilient facility that boasts data residence, backup, disaster recovery, and cybersecurity, helping operators meet strict regulatory standards. Given the regulatory similarities in new US markets, this focus on compliance, security, and operational resilience is sure to be a key part of Continent 8's North Carolina strategy.
Continent 8's strategy for the upcoming market aims to leverage its expertise in resilient, compliant data and network infrastructure to empower operators, providing key benefits in operational reliability, security, and regulatory adherence. In essence, they're ready to help operators navigate the competitive and highly regulated landscape of North Carolina's new sports wagering market, setting them up for success from the very start.
- Continent 8 Technologies, a leading infrastructure provider, is preparing to offer its solutions to North Carolina's operators ahead of the state's online sports betting market opening in early 2024.
- With over 85% of operators in the 2023 EGR US Power Rankings choosing Continent 8, their first-to-market strategy and unmatched regulatory experience make them the preferred choice for operators in the gaming industry.
- North Carolina anticipates a robust online sports wagering market, with predictions of North Carolinians betting approximately $6.8 billion by the second year and generating around $100 million in state revenue by the fifth year.
- Continent 8 is confident in offering its comprehensive iGaming hosting, connectivity, cloud, and security solutions to meet the regulator's requirements, emphasizing compliance, resilience, and operational reliability in its North Carolina strategy.
