Betting companies

BeanBagSports strikes a betting platform deal with FSB Technology

BeanBagSports strikes a betting platform deal with FSB Technology

A betting platform deal has been strike between FSB Technology, a renowned sports betting provider based in the UK and BeanBagSports. Under the deal, FSB Technology would become the main suppliers of all sports betting systems to the BeanBagSports platform. This means that FSB will have all its betting services being incorporated in the BeanBagSports platform. This would in turn be crucial to the firm as it would be in a position of according its loyal clients with both in-play markets as well as pre-match bets.

The deal also further noted that BeanBagSports will be proud to have the free access to the FSB’s exclusive trading tools withthe CRM tools on the frontline. This would be fundamental to operators who will have the chance of tailoring bonus offers as well as betting incentives that would be according to existing as well as new clients. This will increase the number of clients who operates with the firm. Furthermore, BeanBagSports will have the freedom of customizing FSB platform that gives it an opportunity to bring close commitment with its clients.

Richard Thorp who is the current Business Development Director at FSB claimed that this offering comes prior to the initiation of the National Hunt racing season. He continued to say that he was pleased to strike a deal with BeanBagSports, a firm that has been offering exclusive services to its clients. The firm’s management solution will accord BeanBagSports a chance to accord their clients with a planned live sport events across the globe. He concluded that his firm will accord the BeanBagSports with various aspects among them the CRM tools, a vast selection of sports as well as a high ranked trading team.

At the same time, Head of BeanBagSports, Jessica Sachs claimed that he was happy with the offerings and approaches incorporated by the FSB and that they are able to control the website via a functional set of APIs.

She concluded by saying that her firm was in need of the perfect sports market with the perfect latest devices and FSB had all these which would enable her firm deliver to its clients the very best betting experience.

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Sportradar acquires an outlay worth $44 million

Sportradar acquires an outlay worth $44 million

A day has dawned for Sportradar, a renowned sports data provider after the firm announced that it has been accorded a major outlay by the Revolution Growth, a company that is based in Washington and spearheaded by Ted Leonsis worth $44 million.

The funding to the Revolution Growth can be attributed by the efforts of various sports legends including the owner and NBA former superstar Michael Jordan. He was backed up by Dallas Mavericks NBA’s club owner Mark Cuban for the contribution round.

These are not the only main fund raisers of the Revolution growth as Sportradar heads have claimed that both Jordan and Cuban enters a long list of all sports stars and together with Capitals (NHL) and Leonsis owner of the Washington Wizards (NBA) would form a ‘Sportradar US Advisory Board’.

The data provider firm said that the main aim of the formed advisory board would revolve around play a major role in the process of making the foundation known by many as well as making sure that they help the foundation in development as it ventures in the anticipated US sport market. This comes as Sportradar took a precautious move of in attempt to expand its market in indulging in various associations with NHL, NFL as well as NASCAR.

During the investment process, Ted Leonsis claimed that the Sportradar is at the fore front in trying to compliment the main roles that is played by the data itself in attempt to come up with fresh and inventive contents as well as products that would be appealing to the larger public.

He continued to say that the firm has incorporated a very high sophisticated technology that brings development which comes along with a fast, reliable data feeds. This will enable Sportradar to increase its boundaries as it picks up the best place in the multi-billion dollar international sports market.

At the same time, Founder and CEO of Sportradar Carsten Koerl claimed that he was eager to associate with Revolution Growth as they try to initiate one of the best minds in both sports and technology in expanding the products they offer. This will be crucial as they try to incorporate new offerings that would be used in the sporting arena in the near future.

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Paddy Power – Betfair association now in the initial stage

Paddy Power – Betfair association now in the initial stage

Barely two months ago, Paddy Power and Betfair decided to join hands in a deal worth £50 million. This merging gave rise to a gigantic online betting firm called Paddy Power Betfair plc. The resultant firm would be crucial in according its clients with idiosyncratic as well as various corresponding brands. This followed the two firm stipulating terms for the new incorporation and set a main objective of acquiring £5o million savings. This association will form a base of a persuasive tactical logic that gives room for the two firms in the deliverance of online betting and gaming that would benefit their customers.

With the planned £6.2 billion (€7.5 billion) Paddy Power/Betfair merger already completed, the two firms have initiated the initial face of the business. The probe will be under the eyes of the Irish Competition & Consumer Protection Commission (CCPC). It has been exactly two months since the merging was officially announced on the 25th day of August and this resulted to the two firms sitting together in formulation of the schemed proposal. This was later to be presented to the CCPC.

The task has now been left to the CCPC who will undertake a critical review on the two firm’s merger and schemes that would be directly incorporated in the London FTSE 100. However, it is not clear how long this review will take as various issues may rise from the two firms’ submitted proposals.

Last month, the two firms had done with the agreement on terms and conditions that would be entailed from the resultant merger. The agreement claimed that Paddy Power would incorporate to their platform all Betfair assets believed to be valued at £2.86 billion ($3.2 billion). This meant that Paddy Power will have a 52% share with the Paddy Power Betfair title.

A voting process by Paddy Power shareholders is scheduled for December on acquisition proceedings. The final bit of this acquisition is scheduled for Q1 of 2016. Both Betfair CEO Breon Corcoran and Paddy Power CEO Andy McCue will act as Chief Executive and Chief Group Operations Officer respectively for the new firm.

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St Katherine Docks the new HQ for Smarkets

St Katherine Docks the new HQ for Smarkets

Heads at the online betting exchange Smarkets unveiled to their associates that they had two main announcements to make. Alongside its backers Passion Capital and Deutsche Telekom’s venture capital arm T-Venture, Smarkets claimed that it had acquired remote betting operator license from the Republic of Ireland. This prompted the firm to relocate its HQ to London which provides a convenient locality for controlling its outside businesses.

Following the recent review of gambling rules in Emerald, Ireland now joins the League of Nations that has taken the initiative of according operators with remote betting licenses. This will not only attract more investors in the nation but also boost the income from taxes from these betting firms.

The betting exchange firm claimed that its main objective would be having a centered market in Ireland and attract more clients with their new incentive of low commission rates. Clients with the firm will be accorded with a 2% commission to profits emanating from betting as opposed to 3-5% charge that is incorporated by other marketing firms.

The CEO of Smarkets Jason Trost claimed that it is their duty to award their clients with top class value and openness in their products and services. Their objective of expanding their markets in Ireland gives them an opportunity to award their customers with amazing market odds that are accompanied by a low commission charge of 2% which is very low as compared to other firms offering the same. He was eager to work together with Irish clients as well as having an idea of their main base.

Smarkets has been on the rise in terms of development. This year alone, it claimed to have more than 400% YOY and also stipulated that it would incorporate 75 more staff members who would be based in its new HQs in London.

Its new operational bas in St Katharine in London is a top-floor 10,000 square foot bespoke space that was designed by ThirdWay Interiors; a design company based in London.

Mr. Trost continued to say that the new base will be a source of employment to lucky UK populace as well as providing a strategic location for controlling all businesses happening in and out of the firm. This will be done before the conclusion of the Q4 of 2015.

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“Luck is no coincidence” movement initiated by Unibet

“Luck is no coincidence” movement initiated by Unibet

Unibet is a betting operator that has since its initiation grown and expanded not only within itself but also in its outside market. The Stockholm, Sweden based firm has seen its fame spread across the European nations and in the end, the company will have a worldwide public at hand. Unibet has continued to make this possible by striking deal with various firms.

Recently, the firm took over a Malta based betting operator iGame Holding Plc in a deal that was worth €59 million (£41 million). This is fundamental to its revenue maximization given that iGame had recorded income totaling up to €13.7m with the addition of €4.7 million from the H1 2015 EBITDA. Its clients also had risen in the same period with it registering over 75,000 new clients.

With this in mind, the publicity of Unibet has been on the rise and this meant more clients will register and generate more income. To add on this, Unibet claimed that it had initiated a fresh campaign going by the title “Luck is No Coincidence” which would be broadcasted live in all its operators in the market as from October this year.

The production of the campaign has been accorded to UK creative agency Signal in making it perfect. The main purpose of this campaign would be make the public have a deep understanding on the features that are offered by Unibet products and services. This would in turn bring about the clear client experience in the sports betting arena.

This campaign has showed appealing reception to clients in its base nation of Norway and this will prompt the firm printing, digitalizing as well as airing it in TV network in its main client territories in the next couple of weeks.

Unibet UK County Manager Phillip Manzi claimed that he was sure that all gamblers as well as sport fans will have the passion towards this campaign and this would propel forward the consciousness and development of Unibet and the offers awarded by the Sportsbook.

This European crusade will work together with already in existence UK Unibet advert campaign the “Frozen Moment” which was initiated back in April. It will pass through Belgium as it spreads its fame across Europe.

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Client promotion by CrownBet subjected to investigation

Client promotion by CrownBet subjected to investigation

More often than not, there are a number of corruption and illegal cases that come to rise in Australian betting markets. In most cases, the illegal betting sites have found themselves colliding with law enforcements on the matter. Nonetheless, it doesn’t mean that it is only the unlicensed remote betting operators go against the law. Some licensed firms have also found themselves in a hot soup when they violate the stipulated gambling rules.

This is a case that has hit CrownBet that has been subjected to a thorough investigation by the New South Wales (NSW) gaming watchdog. The betting company has been accused of using customer’s credit in the endorsement of motivational gambling. The matter has called the authorities to undertake a research and find the truth behind it.

According to the rules stipulated by the NSW Act book, the endorsement of client credit, tickets or any other aspect which may include sign up rewards is illegal. NSW watchdog claimed that it put the matter into consideration and decided to undertake an investigation mainly on the new campaign by the AFL and CrownBet NRL which goes by the title “The Game Just Changed”.

The main antagonism comes as the two advertising firm as have decided to incorporate terms that claim that each time a client places his or her bet, he or she is accorded with the CrownBet reward points that can only be redeemed at the Crown Resorts. The words further claims that in the modern world, none of these aspects have ever been introduced anywhere apart from CrownBet sites. The client should rush and register to initiate cash flow.

Reports from the Australian news have indicated that these vocabularies used in the advert by CrownBet have violated the present advertising standards stipulated by the NSW as well as The Office of Liquor, Gaming & Racing. The betting firm has decided to remain calm and failed to respond to any question raised on the investigation topic.

This investigation comes after various betting firms and other stakeholders advocated for the review of the 2001 Online Gambling Act. The redrafting of these betting policies will be fundamental in keeping the advancements in technology moving upwards as well as incorporation of fresh digital consumer behaviors.

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