United Kingdom-based gambling giant Ladbrokes has paid $3 million to acquire 65 percent of Stadium Technology Group, a supplier of software and in-game betting applications to sportsbook operators.

From the GPWA:

"The size of the U.S. market and potential for positive regulatory change in the coming years makes it a sensible place to establish a presence," Ladbrokes CEO Richard Glynn said.

Glynn said Stadium Technology has the potential to expand its business by being one of the key software suppliers to casinos in Nevada and Delaware.

Stadium Technology provides the software for each of the current Cantor Gaming locations in Las Vegas, along with the Golden Nugget and Treasure Island. Ladbrokes is already a gaming giant, operating more than 2,700 betting shops in Great Britain and Europe.