BetMakers' Global Tote division has agreed to a ten-year contract extension with Meadowlands Racing and Gaming.
The extension will see Global Tote continue to provide pari-mutuel betting technology to the Meadowlands Racetrack in New Jersey and Winners Bayonne Off-Track Wagering. This includes its SaaS solution for pari-mutuel wagering, consisting of the Quantum tote engine and cloud-based hosting.
The SaaS solution also includes system operations and operational support on-site. The systems operations are managed by Global Tote’s operations centre in New Jersey.
The extension means that the Meadowlands will receive Global Tote’s newest BetLine Series wagering terminals. These are the BetLine TSST, which are for teller point of sale and self-service betting and the BetLine SST for full-service betting. The Meadowlands will also receive the BetLine Compact Teller terminal.
Raj Sanjanwala, chief operating officer for Global Tote said it would roll out more developments over the next decade.
“Global Tote is delighted to extend our valued partnership with Meadowlands Racetrack and Winners Bayonne OTW,” said Sanjanwala. “The fact that such a long-standing client and respected leader in the racing industry has elected to enter into a ten-year agreement with Global Tote… is testament to the strength of our partnership and a powerful endorsement of Global Tote’s work in New Jersey.
“We are excited to deliver more advancements over the next ten years to help enhance the experience of their customers and drive growth for their business.”
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BetMakers announced a restructuring of its business in May this year, which involved its Global Tote division. This was preceded by a restructuring of its senior management team in January.
In BetMaker’s Q1 results last month, it said that the Global Tote restructuring had finished. This saw 430 full-time employees remain in Global Tote, below the projected 440 target.
Jason Settlemoir, chief operating officer and general manager of Meadowlands said the racing facility was looking ahead to working with Global Tote in the years ahead.
“We are pleased to be adopting Global Tote’s new BetLine wagering terminals, to offer both our team members and our customers the very latest technologies for terminal wagering,” said Settlemoir. “Global Tote has demonstrated its commitment to offering betting solutions that help us deliver that unparalleled experience and we look forward to a very productive ten years.”
In Q4, BetMakers confirmed that it would continue with the cost reduction strategy after seeing a positive impact.
