Continent 8 Technologies Expands US Footprint with Vermont Launch Supporting Major Betting Platforms
Continent 8 Technologies, a global leader in managed hosting, connectivity, and cybersecurity solutions, has announced its expansion into the Vermont market, marking a significant milestone in its US growth strategy. The company’s new data center in the Burlington region is set to provide critical infrastructure support to the nation’s top online sports betting platforms, including DraftKings, FanDuel, and Fanatics, following the legalization of online sports betting in Vermont.
Vermont: A New Horizon for Online Sports Betting
The legalization of online sports betting in Vermont on 16 June 2023 has opened up new opportunities for the industry, with state officials projecting nearly $7 million in proceeds in the first full year.
With the Vermont Department of Liquor and Lottery announcing the official go-live date of 11 January and the awarding of licenses to three operators, the stage is set for a vibrant online sports betting ecosystem.
Strategic Expansion and First-to-Market Approach
Continent 8’s expansion into Vermont underscores its commitment to a first-to-market approach, ensuring that its customers are well-positioned to capitalize on new regulatory environments from day one. This strategy has cemented Continent 8’s reputation as a trusted technology solutions provider, now live in 30 states across the US.
Michael Tobin, Founder and CEO of Continent 8 Technologies, expressed pride in supporting customers’ strategic launches in newly regulated markets: “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.”
Commentary: Enhancing the US Betting Landscape
Continent 8 Technologies’ entry into Vermont is more than just a business expansion; it’s a strategic move that enhances the infrastructure supporting the US online sports betting industry.
By providing robust and secure technology solutions, Continent 8 not only facilitates the growth of major betting platforms but also contributes to the broader development of the industry in newly regulated states. As the company continues to expand its footprint, its commitment to innovation, security, and customer success is set to play a pivotal role in shaping the future of online sports betting in the US.
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