One of the basic things a firm should do in maximizing its profits is the expansion of its territories. This would mean crossing the borders to other continents and nations in search of fame which would be achieved by the knowledge about that firm to new clients. On that note, the knowledge about a certain firm by various clients would make them rush to opening accounts with it in order to enjoy the readily available products and services.

However, products and services should also be of high quality and be unique to avoid boredom to clients. With this, more clients will sign in and with no time, the firm will be publicly known to many globally.

This is the step that has been undertaken by industry developer and software supplier Game Account Network who have focused all their energy in expanding their markets across the North of America. Apparently, this firm issued a statement that claimed that it had officially initiated an office at the American city of Las Vegas in Nevada.

With the aim of having a larger market where the maximization of profit is imminent in the US, Game Account will develop this office to be thrice larger than any other office they have initiated away from their base. This office will bring with it the expansion aspect in the nation as well as integrating more clients to its platform by offering top class products and services.

To achieve this, it would take dedicated management and this called for the relocation of Game account head CEO Dermot Smurfit from its main headquarters in London to Las Vegas. During the opening, the CEO claimed that it is with pleasure that his company is able to launch such a big office in US a place which is considered a cradle for online gaming. He would be on the forefront in making sure that the company achieves its goals as well as being in a user friendly environment which would be more comforting to its clients.

He added that his company was eager to host its commercial and tribal partners as they forge ahead in achieving the most simulating gaming and real money gaming experience to everyone.

Operators have been urged to seek the licensing problems with Gibraltar and Malta who are the best licenses regulatory. This comes after a smooth process of license issuing was evident when the Maltese legislature issued a sport betting license to bet365.

License Details

The issued license is referred to as the Class 2 Remote Gaming License and was granted to bet365- Hillside (New Media Malta) Limited. This would enable the bet365 Malta chapter be able to render its duties of providing sports gambling, poker games as well as casino in Malta. The new upcoming online powerhouse will provide a room for the agitated development strategy by bet365.

A spokesman from bet365 claimed that in attempt to improve in its development scheme, bet365 has decided to incorporate a second license this time from Malta licensing board having already acquired the Gibraltar license previously. This comes as the betting company focuses on the being on the safer side having already acquired and upheld specific regulatory approvals and also giving a hand in the emerging worldwide issues for a peaceful gaming environment.

New Chapter

In collaboration with the Maltese license, bet365 has initiated its products and services in one of the Maltese betting firm; Sliema. This move will play a role in the expansion of the management of the markets as well as procurement duties for bet365. This Maltese chapter will be commanded by Fred Bjurjfall.

According to Joseph Cuschieri the Executive Chairman of the Malta Gaming Authority, the incorporation of bet365 provides a key aspect to the existing evolution in betting industry with key aspects being intelligibility, reliability as well as protecting consumer interests. This comes after raids were conducted by Maltese enforcements in matters pertaining betting indignity.

Broader Reach for bet365

Many players have found the bet365 products very appealing to them. Mostly, the in-play has attracted many clients for its versatility and dependency. The new license will be integral as bet365 stands a better chance of diversifying in order to acquire the attention of many clients.

Having Europeans top regulatory bodies at its side, bet365 will see its products and services being rendered to many across Europe. It follows that bet365 is now focused and eyeing the United States as a potential market for its products.

Two companies; the iGaming technology and platform supplier Playtech have claimed that they have joined hands their poker rake system to form one single platform. The new amalgamation has resulted to Playtech’s iPoker network which is believed to have all the resources which would be integral in the building of bold player liquidity mainly to its loyal clients in the online poker markets.

This comes after Playtech poker hierarchy announced that the association went under endorsement which would work hand in hand with the new initiation of the Source Based Rake (SRB) back in February. The new SRB was initiated with a view of incorporating more clients who would make hand-outs to the poker platforms with specific aspect of the calculating net rake donations by each player to the network liquidity.

The new SRB technology would enable Playtech to award their loyal gamers that may have in essence done much of the contributions to its poker system. They would also award those gamers who are hit by losses in attempt to develop a solidified growth. Moreover, Playtech claimed that it word also award those player who wins with a small portion with the rest being awarded to losing players for the purpose of equity.

According to the head of iPoker at Playtech Joerg Nottebaum, the prefacing of the SRB program back in February, the aspect of valuation formula accorded to new players has been pleasant to the company. This new advancement has been integral as it has checked on past concerns that have hit the network and created room for the acquisition of new licenses that would be used in the development of their poker incomes as well as re-investing back to poker.

He continued to note that the new network provides a recovered surroundings which in turn incorporates new licenses that bring in substantial incomes which have their own player recreation rather than engaging in fights in very little boundaries to players who win big.

He concluded by claiming that this comes for the better and brighter future of their licenses as well as clients who would benefit in the broad poker liquidity and this would in turn bring in richer choices in the poker variation sector.

This is a piece that will take you through some of the humble beginnings of online betting from Antigua to the current state and level of its sophistication. During these times, insane stunts from PR were taken and royal baby betting, as well as, endorsements in the industry happened often.

This online betting industry is worth in excess of $1 billion according to Statista which is a sum equal to the GDP of Netherlands.

A Journey on Online Betting

In 1994, Antigua and Barbuda approved of free Trade and Processing Zone Act which allowed offshore licences for online betting providers.

1996 saw intertops.com become the first sports book where a Finish puncture known as Jukka Honkavaara made the first wager and this was on a match between Tottenham Hotspurs and Hereford United. In this same year, The United States of America set a record in making wagers worth $60 Million on online gaming and betting platforms.

Activities and Growth of the Industry

It was in 1998 when Senator Jon Kyl brought to the floor and Internet Gaming Prohibition Act but the bill was not successful. The House of Representatives did not pass this bill in 2000 when it was presented again. It was in this same year when William Hill was launched as the first UK company offering online betting services. At this same period, a report was published by Frost & Sullivan and indicated that online gambling revenues made a top of $830 million.

As online betting was in its journey to grow; there was this doomsday prediction in 2000 where bookmarkers provided odds of 500-1 and the bet was that all real-world betting shops will comes to a close in 10 years. At this time, Europe saw another betting online store come to existence; Ladbrokes which was established by The Hilton Group. Another UK betting exchange by the name Betfair came to existence and they saw 36 bets on the first day. The company had a great time in their operations and in 2013, they registered an income of £70 million.

I would say that this evolution for online betting has come a long way and steadily. 2003 was when the first mobile betting platform was brought to action by sporting Index. This was the first UK mobile betting application. This same year reports were released by ORC International indicating that online betting had grown by 46% and offline betting from betting shops had gone up by 46%.

2004 saw the online betting fray joined by PaddyPower Sport.

2006 saw the USA ban betting after passing the UIGEA. This made it illegal for banks and companies offering credit to process any financial transaction related to betting sites. This saw a host of sites withdrawing from the market.

Graham Calvert lost £2 million at William Hill Casino in 2008 and sued them for this but he lose the lawsuit.

Technological advancements

Even though the US market was still unregulated, online sports betting wagers came to $50 billion in 2009.

2010 saw more celebrity endorsements after Ray Winstone “Sexy Beast” became the voice of bet365 advert campaign as he offered advice on live and in play odds.

From Statista betting it was found that the online sports betting market was worth $74 billion. This was in 2012. In 2013, Jason Neubauer launched YouBetMe and this was the first special networking betting application and it made it possible for members to bet against each other and not bookmarkers. This was the same year were match fixing madness came to play. Europol suspected the fixing o 380 European football matches and the illegal betting market that was fuelled by Asian crime syndicates which was estimated to be worth £306 billion.

2014 was when bitcoin came to play as a means of exchange and BetVIP was the first licensed bitcoin only sports book and launched just before the World Cup. SoftSwiss which was the Bitcoin Software company claimed that $10 million was the worth of wagers made each month.

2015 was when 11.1 million searches were made every month on Google for the term bet365 which was more than the 9 million searches Nike gets. At this point in time, online betting brings a contribution of $74 to $100 billion in the sports betting industry which is worth between $700 and $1,000 billion which is the same case with the GDP of Netherlands.