Odds On Compliance and US Integrity will combine their individual focuses to form a solution service. This solution will provide expertise for operators, as well professional and collegiate sports groups.
The merger is expected to close later in October, subject to shareholder and regulatory approvals.
Odds On Compliance specialises in sports betting, online gaming and regulatory compliance. US Integrity monitors bets to prevent fraud and corruption.
This is not Odds On Compliance and US Integrity’s first foray into the wider industry together. Earlier this year the two companies teamed up to launch ProhiBet, a service through which they rolled out a prohibited bettor solution. Last month, ProhiBet partnered with the UFC.
Increased international reach
The two companies say the merger will result in a wider global reach and more tailored solutions for customers. Matt Holt, CEO of US Integrity – who is to be appointed as CEO of the combined company – said the merger would combine US Integrity and Odd On Compliance’s best facets.
“We are thrilled to unite the strengths of US Integrity and Odds On Compliance to create a firm that is poised to redefine the standards of excellence in the sports betting and gambling compliance industry,” said Holt.
Eric Frank, CEO of Odds On Compliance will be named president of the combined business. He hailed the merger as a “testament” to the main ethos of both companies.
“This merger is a testament to our joint commitment to helping the industry navigate the
complexities of this rapidly growing and highly regulated sector,” he said. “This fusion of strengths will enable us to offer a comprehensive suite of compliance and integrity technology products and
services.”
Original article: https://igamingbusiness.com/strategy/odds-on-compliance-and-us-integrity-announce-merger/
