Prove’s Pre-Fill® identity solution is set to bring enhanced customer onboarding, improved security, and better user experience to BetMGM’s platform.
TORONTO, April 03, 2024 (GLOBE NEWSWIRE) — Stack Capital Group Inc., (TSX:STCK and STCK.WT) is excited to announce the strategic partnership between Prove Identity, Inc. (“Prove”), a key portfolio entity, and BetMGM, a renowned sports betting and gaming entertainment company operating popular brands like BetMGM, Borgata Casino, Party Casino, and Party Poker.
Upon regulatory approval, BetMGM will integrate Prove’s Pre-Fill® identity solution into its sports betting platform, covering all MGM U.S. based and online sports betting, major tournament poker, and online gaming operations. The implementation of Prove’s Pre-Fill® technology will streamline customer onboarding, bolster security measures, and elevate the overall customer journey, ensuring BetMGM delivers a seamless and secure betting experience for its users.
“Collaborating with BetMGM, a frontrunner in digital sports betting and casino services, marks a significant achievement for Prove,” said Jeff Parks, CEO of Stack Capital. “While Prove’s Pre-Fill solution is already trusted by over 1,000 businesses globally, including 9 of the top 10 US Banks, this partnership further underscores the technology’s prowess and the value it brings.”
To read Prove’s full announcement, please click here.
Frequently Asked Questions (FAQs):
Q: What is Stack Capital?
A: Stack Capital is an investment holding company focusing on equity, debt, and securities investments in growth-to-late-stage private businesses. By investing in Stack Capital, shareholders can access a diverse private investment portfolio, participate in the private market, and benefit from liquidity provided by Common Shares and Warrants listed on the TSX.
Q: What does Prove Identity offer?
A: Prove Identity offers phone-centric identity tokenization and passive cryptographic authentication solutions that reduce friction, enhance security and privacy, accelerate revenues, and diminish operating expenses and fraud losses for businesses in various industries.
Q: Who is BetMGM?
A: BetMGM is a leading sports betting and gaming entertainment company, formed through a partnership between MGM Resorts International and Entain Plc, with exclusive access to MGM’s U.S. land-based and online sports betting, major tournament poker, and online gaming businesses.
For more information, please visit our website or contact:
Brian Viveiros
VP, Corporate Development, and Investor Relations
647.280.3307
brian@stackcapitalgroup.com
A photo accompanying this announcement is available at here
