Betfair, a leading online gambling company is thrilled to announce the arrival of the Colossus Fracpot, the first cash-out slot in the world, to its New Jersey site.
Betfair partnered with Colossus Bets and Game Account Network (GAN) that saw cash-out being introduced to the US market for very first time across any gaming vertical.
Unlike traditional slots that have been designed to be an “all of nothing” experience, Colossus Fracpot gives players a chance to cash out their position and bank profits in fractions after each reel resolves. Cash-out performance delivers incredible engagement figures with 91% of players offered a cash-out accepting the offer and 83% of those accepting, cashing out 50% or more of their “position”.
Colossus Fracpot was first introduced on Sky Vegas Casino in 2015, which saw it become Sky’s second biggest grossing game for that quarter.
Lorcan Kelly, Director of Betfair Casino in NJ revealed that they are excited to bring an innovative new slot product to the NJ Casino market with Colossus Fracpot. He added that they 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.
The Product Director of GAN, Tom O’Halleran said that working with Colossus Bets to bring this new slot concept to the New Jersey market has been a great experience.
Bernard Marantelli, CEO and founder of Colossus Bets added that they are thrilled to be brining Cash Out into the US and even more so with Betfair. He added that they are also extremely excited to team up with GAN on the delivery of this innovation and look forward to the next phase of their collaboration in the US and throughout Europe.
