Continent 8 Technologies Expands into Vermont's Online Sports Betting Market

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February 20th, 2024
Back Continent 8 Technologies Expands into Vermont's Online Sports Betting Market

Continent 8 Technologies, a renowned provider of managed hosting, connectivity, and cybersecurity solutions, has expanded its footprint once again thanks to a new partnership!

As announced in the statement, the developer found itself at the center of attention again after confirming its footprint in the US market with its recent launch in Vermont. This strategic move comes as online sports betting gains momentum in the state, with major platforms like DraftKings, FanDuel, and Fanatics leading the way.

Supporting Leading Platforms

Continent 8's data center in the Burlington region serves as a critical infrastructure hub, catering to the needs of prominent online sports betting operators. By offering robust hosting and connectivity services, the developer enables these platforms to deliver seamless and secure betting experiences to users across Vermont.

Vermont's decision to legalize online sports betting in June 2023 opens up new opportunities for revenue generation. Government officials estimate that the industry could generate nearly $7 million in proceeds for the state within its first year of operation. With Continent 8's expertise in technology solutions, the state is well-positioned to capitalize on this potential windfall.

Following the legalization of online sports betting, the Vermont Department of Liquor and Lottery announced the go-live date of January 11, 2024. Continent 8's swift action ensured that its infrastructure was ready to support the operations of licensed operators from day one.

Expanding Market Presence

Continent 8's entry into Vermont marks another milestone in its US expansion strategy. With operations now spanning 30 states, it solidifies its position as a leader in the market. By leveraging its extensive network and cutting-edge technology solutions, the company continues to drive innovation and facilitate growth in the rapidly evolving landscape of online sports betting.

In addition to providing hosting and connectivity services, Continent 8 places a strong emphasis on cybersecurity. With stringent regulatory requirements in place, ensuring compliance and data security is paramount for operators. The developer’s state-of-the-art cybersecurity solutions help safeguard sensitive information and protect against potential threats, ensuring a safe and secure betting environment for all stakeholders.

Commenting on this move Michael Tobin, Founder and CEO of Continent 8 Technologies, said: "We are proud to be able to support our customers in their strategic launch in one of the year's most anticipated newly regulated online sports betting states. We have been relentless in our pursuit as a market leader and putting customers first. Our bold, first-to-market approach, done so over 25 years, is one of the many reasons our global customers continue to trust us with their mission critical technology and have developed such close strategic partnerships for decades. We are extremely excited to be planting a flag in the state of Vermont, not only for the future of the business, but one where I have a strong personal history."

Source:

''Continent 8 Technologies expands US footprint with strategic launch in the state of Vermont'', gamingamericas.com, February 15, 2024.

“With online sports betting legalized in Vermont on 16 June 2023, it is expected to generate nearly $7m in proceeds for the state in its first full year”

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