Esports Technologies signs exclusive patent license deal with Colossus Bets | Yogonet International
The new alliance seeks to improve cash-out user experience

Esports Technologies signs exclusive patent license deal with Colossus Bets

Bart Barden, Esports Technologies Chief Operating Officer: "We believe our alliance with Colossus will herald the arrival of industry-leading cash-out technology, both in free-to-play and real money formats."
2021-05-24
United States
Reading time 1:25 min
Per the deal, the operator has access to an exclusive license for the majority of Colossus' extensive cash-out patent portfolio for esports applications, enabling Esports Technologies to improve its cash-out user experience across all of its products.

Esports wagering products and technology provider Esports Technologies, announced an exclusive alliance with Colossus Bets, sports jackpot operator and provider.

Under the agreement, Esports Technologies has access to an exclusive license for the majority of Colossus' extensive cash-out patent portfolio for esports applications, enabling Esports Technologies to improve its cash-out user experience across all of its products.

The agreement includes 13 U.S. patents, 2 Australian patents, 4 Japanese patents, 2 South Korea patents, 2 Singapore patents, 1 Philipines patent, 1 South African patent, and 1 Nigerian patent.

Bart Barden, Esports Technologies Chief Operating Officer stated in a press release: "We believe our alliance with Colossus will herald the arrival of industry-leading cash-out technology, both in free-to-play and real money formats in one platform, helping us grow to become a broader 'best in class' esports offering. The exclusive patent license bolsters our offerings with strong IP protection and customization, resulting in a potent package that spans across data, technology, and product, particularly in the context of our North American Business-to-Business ambitions. We look forward to our continuing alliance with Colossus to provide our customers with the best possible experiences on our platforms."

Eva Karagianni-Goel, Colossus Chief Operating Officer, commented: "We are excited to join forces with Esports Technologies to unlock the value of our patents for esports audiences. Their IP-led approach mirrors ours and presents us with an exciting opportunity to marry our know-how with what is probably the most forward-looking content area, esports. By marrying our two technologies we believe we are able to create truly best-in-class experiences for bettors, and we look forward to our continued alliance."

The announcement comes on the heels of Esports Technologies' NASDAQ listing and is in line with the company's stated strategy to "provide the most advanced product, platform, and marketing solutions" for esports wagering, continuing to build on the Gogawi platform in the Asian-Pacific region, according to the company.

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