Category Archives: Sportsbook News

Who’ll Win the Tender?

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A number of companies such as Intralot, Greek online gambling company, Turkcell, the Turkish mobile phone operator, Turkish Dogan Yayin Holdings, Italian Lottomatica and Snai and Ladbrokes, British sports betting company, were making bids over a tender that took place in Turkey for a sport betting company called Iddaa.

On October 16, Intralot and Turkcell made their best bids via their joint venture “Inteltek”. Now, the Turkish authorities have to determine whether to grant Inteltek the rights to operate the sports betting company or not. The decision is to be taken within three days. But if the rights granted, they will operate the sports betting company for as long as 10 years.

U.S. Law Against Online Gambling Evokes Criticism

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The law against online gaming advertising recently introduced in the U.S. is receiving much criticism. More over it has intensified after the new developments in the federal case against BetOnSports advertisers that has been in process for about two years.

William Hernan Lenis, William Luis Lenis and Manny Lenis plead guilty in a St. Louis court to their involvement in the advertising of BetOnSports’ sportsbook website, if to be exact the interstate transportation of online gambling merchandise, the transmission of online gaming information and misdemeanor counts.

Between the year 2000 and 2006, Hernan Lenis’ mailing company called “Direct Mail Expertise” distributed around 2 million BetOnSports ads. The family’s attorney claims that they were involved in marketing aspects only. Yet, all three Lenises will be charged in October with jail time.

Betsson Reports: Second Quarter is the Strongest So Far

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Betsson, Swedish online gambling group, having released its financial results for the second quarter, shows that its revenues have increased 63% to $38.76 million, while operating income increased 29% to $9.83 million.

Betsson’s first betting shop has been recently opened in Stockholm. There are also betting shops in Serbia and the Netherlands, but it is Scandinavia that brings 59% of gross profits while the remainder of Europe accounted for 41%.

There has been a 102% increase in gross profits, 274% increase from its sportsbook. Unfortunately poker decreased 25% in comparison with the same quarter last year.

Currently the firm’s casino activities account for 60% of its gross profits followed by poker at 19% and its sportsbook with 18%.

Pontus Lindwall, Chief Executive Officer for Betsson comments: “By the offers to customers that we have developed and implemented, we have succeeded to maintain and even increase activities during the second quarter, which makes the quarter our strongest so far.”

Intralot Gaining Italian Market

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Intralot is continuously growing, and new acquisitions in the Italian gambling market is another sign of the company’s excellent performance in the following few years.

The acquisition of the William Hill and Codere Italia betting company is a major step towards domination of the Italian betting market. Due to the government restrictions in the Italian gambling industry, Intralot offers only betting solutions there, but the company is actually prominent in the European online gambling, poker, and betting industries, as well as other emerging sectors

Almost 50 gambling markets present the Intralot brand. Its online casinos, gambling and betting sites operate in 45 countries.

The CEO at Intralot, Constantinos Antonopoulos, recently commented: “Intralot optimizes and consolidates its position in the Italian market through this significant acquisition. The fact that we have managed to gain an impressive market share in such limited time inspires a clear vision; to continue our successful course to the top, offering more exciting gaming experiences to the Italian community.”

Bet365 Revenue Growing

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Bet365 is known to be a long-lasting, trusted brand and one of the fastest growing corporations in the UK whose annualized revenue has rocketed in the past decade, and whose reputation and base of loyal internet bettors are constantly growing.

In accordance with the recent article in The Times, Bet365 has made the list of the top 100 biggest private companies in the UK.

Earlier Bet365 was associated with the land betting industry. With online betting industry getting more and more popular, Bet365 promptly made a decision to launch into it in addition to maintaining the land betting shops. And the idea has proved to be a success.

In 2005 Bet365 sold their land betting division, and now Gala Coral operates all their land betting shops.

Annualized profits for the company are predicted to come in at GBP 1.815 billion for 2008. So it is clear that Bet365 domination in the UK online betting industry cannot be denied.

Pace Advantage Horse Racing Game Launched

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Horse Racing Simulation LLC in partnership with PaceAdvantage.com are reported to have launched the Pace Advantage Horse Racing Game. The game will make it possible for users to experience horse racing through a virtual 3D experience. Horse racing fans will be able to jockey, bet and compete with other horse racing fans in free online tournaments for gifts and prizes.

The game features more than 300 fictitious race horses with players having the ability to compete head-to-head as jockeys for the best racing times at various distances and at racetracks all around the world.

Jockey mode, horse race betting mode, horse racing trainer mode, and horse racing tournament mode are the five basic modes of play presented there.

Michael Calderone, President of Horse Racing Simulation LLC admits: “Our free virtual horse racing game provides the realism for the true horse racing enthusiast and a simplistic level of play for the novice or beginning horse race fan”.

PaceAdvantage.com is also supposed to act as a distribution point for SIM2WIN™, a horse racing software program allowing users to simulate upcoming major horse races hundreds of times under multiple scenarios looking for the most probable race winners at the best possible odds. This software program looks for the best betting opportunities in a given horse race. The simulations are done in a full-screen, 3D, visual presentation. Both novice and experienced players can use this great horse racing software program.

Intertops.com Offers Odds for the Euro 2008 Championship

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Intertops.com is offering a full range of odds and propositions for the Euro 2008 Championship.

This time Germany is favored to claim the Euro title.

Intertops.com offers odds on who will win the final match, every preceding quarter and semi-final pairing. Besides, there are odds on whether or not it will rain Vienna for the final; whether Germans will get a tax-free day should their team triumph, etc. Information about other odds is available on the site.

Who will win the final is the most popular bet, but there is also a lot of action on the games leading up to the final.

Customers are able to wager until just before the final whistle with the odds changing according to the action on the field.

“Intertops.com stated that, going into the tournament, its bookmakers are hoping for a final pairing of Austria versus 2004 champions Greece. The site’s worst-case scenario would be a final showdown between Germany and Italy with the Germans winning after a penalty shootout”.

$1,000 Given Away in Free Bets

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This June, BetFred.com customers have been able to win up to $250 to wager on Epsom Derby horse race that took place on June 7.

On June 5 Betfred.com gave away $1,000 in free bets in its Derby Special Freeroll promotion. Players had 2,000 starting chips and 8-minute blinds.

The top finisher received $250, while the second finisher got $200. The third finisher was awarded with $150, the fourth and fifth spots received $100, while the sixth and seventh finishers got $75 and $50 respectively. The remaining top finishers received $25.

All winning bets were to be placed on the Epsom Derby with the stake non-withdrawable and not included in any return. In case of player’s non-runner selection, the stake will not be refunded.

Best Customer Service from Intertops Sportsbook

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Intertops.com was the first among several prominent sportsbooks to respond and give the most and thorough and informative answers to an anonymous customer email inquiry. In fact, it was the anonymous test conducted by SportsbettingReview.com.

In their test SBR asked if the sportsbooks had overnight lines on the NBA playoffs. It’s amazing, but it took some sportsbooks days to answer, and the answers were incomplete. The others didn’t reply at all. Intertops.com’s complete answer came within 30 minutes: “Yes, Intertops offers overnight lines on the NBA Finals. During the play-offs the maximum stake is increased from US$275 to US$550. The Totals and the Straight up or the Totals and the Spread can be parlayed on NBA games”.

Michl Posch of Intertops.com said: “Since providing the best possible customer service is such a high priority with us, we’re particularly proud to have received the highest score in this test”.

Is the Bookmaking Industry in Danger?

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Traditional bookmakers are thought to disappear in the nearest future, as more and more gamblers prefer to place their bets online with looking at betting exchanges.

Though laws to “level the playing field” have been pushed by the government, still lots of people believe that more needs to be done.

Times are changing. While lots of smaller bookmaker businesses have been around for some years, they are finding margins being reduced on a constant basis. Lots of smaller shops are being forced to take larger than normal gambles on their books, risking not only money but the future of many establishments.

Of course, no one is able to tell how the industry will look like, but hopefully the traditional elements will be retained.