The Nevada Gaming Control Board authorized Progressive Gaming International to commence the field trial of Rapid Bet Live, a product designed to place live, real time-time wagers on professional and collegiate sports, at the Palms Hotel and Casino, one of the leading sport book operations in Nevada.
We expect full commercial roll out of Rapid Bet Live shortly after the completion of this 30 day field trial in Nevada and internationally for regulated casino wagering markets. The key intended elements of the business model for Rapid Bet Live are to increase the volume of wagers and hold from traditional sports book levels while we receive a daily fee from the casino operator,” stated Tim Richards, Vice President of Global Marketing at Progressive Gaming International.
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