Supplier OpenBet has acquired responsible gaming and fraud detection company Neccton. During the last 15 years, Neccton has created software services for the gaming industry.
Neccton Managing Director Michael Auer described the merger as an ideal relationship and noted the importance of extensive research when combatting potential fraud.
He commented, “We have always held the belief that many of the world’s biggest problems can be solved through a potent combination of scientific research and advanced software. It’s an existential imperative for our industry. Our vision is to have Neccton technology deployed by the industry’s leading brands and shaping regulatory standards.
“With its 25-year track record, high compliance standards and position as a leading partner for World Lottery Association members, there is no better partner than OpenBet to help us achieve that.”
The deal is the latest in a series of partnerships for OpenBet. The company has collaborated with notable industry names throughout the US and in Canada, including FanDuel, DraftKings, Entain, Sky Bet, British Columbia Lottery Corporation and Loto Québec.
OpenBet said the acquisition falls in line with its strategic plans to expand betting industry support and offer its players quality protection.
Company CEO Jordan Levin elaborated further by saying, “Since the birth of online sports betting, OpenBet has been at the forefront of creating compelling and safe entertainment experiences built on solid technology foundations.
“We thrive on solving the most complex challenges our industry presents, and OpenBet’s acquisition of Neccton takes our commitment to player protection and AML to the next level."
He went on to add that both companies are committed to creating a gambling space that encourages responsible gaming.
Levin concluded by saying, “Every CEO and regulator knows that player protection and AML capabilities need game-changing services like Neccton to deliver breakthrough ethical and fiscal solutions for our rapidly expanding industry.
“In 2022 alone, the industry saw record fines of more than $250m for responsible gaming, AML, and compliance failures. Michael, Andreas, and the Neccton team are working at the intersection of data science and cloud-based artificial intelligence to research and solve this global challenge.”
