US first cash-out slot Colossus Fracpot from Betfair

An online and retail sportsbetting gaming operator from the UK released the first in the world cash-out slot, Colossus Fracpot at its New Jersey site. The event occurred thanks to its partners – a gaming provider GAN (GameAccount Network before that) and the inventors of cash-out gaming Colossus Bets.

A remarkable feature about Colossus Fracpot is the possibility to withdraw part of winnings in the process of gaming on the contrary to the usual slots where you can cash out only the entire win. This feature has been already greatly appreciated in other jurisdictions among the users familiar with sports betting mechanics. As the news release tells, when it appeared on Sky Vegas in 2015 for the first time, Colossus Fracpot was the second largest grossing game for the quarter for the UK gambling company.

Lorcan Kelly, the director at Betfair Casino in New Jersey commented, “We are excited to bring an innovative new slot product to the NJ Casino market with Colossus Fracpot. We feel the Cash Out feature is one that is easy for customers to pick-up and will appeal as a unique, never seen before, product offering in the US”.

Tom O’Halleran, a product director at GAN told, “Working with Colossus Bets to bring this new slot concept to the New Jersey market has been a great experience. Cash Out is a feature that puts control of the game in the players hands, letting them make choices while the reels are still spinning, driving player engagement and stickiness to have them coming back again and again.”

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Bernard Marantelli, Colossus Bets’ chief executive officer and founder, said: “We are thrilled to be bringing Cash Out into the US and even more so with Betfair, a long-standing and successful partner in the UK and we now look forward to expanding that partnership across the Atlantic. We are also extremely excited to team up with GAN on the delivery of this innovation and we look forward to the next phase of our collaboration in the US and throughout Europe.”

Betfair Casino belongs to the leading online casinos operating in New Jersey. The Garden State’s authorized websites comprise Borgata Hotel Casino & Spa, Caesars Interactive Entertainment- Affiliate of Boardwalk Regency Corporation, Resorts Casino Hotel, Tropicana Casino and Resort and Golden Nugget Atlantic City. Betfair Casino operates at the latter.