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Weekly Sports Betting Industry News
Welcome to VIP-Bet weekly report on the Sports Betting Industry News. In this article, you’ll find the most relevant news on the Industry from September 26th to October 2nd.
Unibet Group is seeking to dissociate the company’s name from its consumer brand – Unibet. The board of directors intends to avoid the confusion between the group, which is one of the largest online gambling operators in Europe, and their bookmaker of the same name. Kindred Group, the proposed name for the company, will depend on the shareholders’ approval at an Extraordinary General Meeting. It will take place on the 6th of December, 2016, in Stockholm, Sweden.
This, however, should be a minor internal change and all the customer-facing brands will remain the same, as Anders Ström, Chairman of the Board of Directors of Unibet Group, has already assumed.
During the last years, OnGame struggled with lack of liquidity due to the decline of their active player numbers. Now, new sources are reporting that OnGame will close down this October. In November 2014, NYX Gaming bought OnGame. They had the intention to convert it into the leading network for US regulated online poker services. However, the company did not managed to meet the expectations.
A closing date was not yet declared, even though it’s expected to occur in October. Industry poker affiliates already revealed that remaining OnGame partners are preparing to migrate from the network but OnGame management didn’t officially confirm the cessation of its services.
During the last week, Betway announced their new deal with Ninjas in Pyjamas (aka NiP), one of the more recognized eSports organization. The deal includes the Betway logo on NiP player shirts and also “content usage rights, onsite branding at the NiP gaming house and full player acess”. This is not the first partnership between a classic sportsbook operator and an eSports team. Fnatic already have a partnership with Dafabet since 2015.
NiP was created in Sweden, in 2000, and currently has teams in CS:GO and Overwatch.
Sporaga has plans to improve their international expansion within the coming months. Also, the company has announced that it moved its operations to the Isle of Man. With the new location, Sporaga management intends to initiate new market launches in Brazil, Russia, India, and China. The Isle of Man has a tremendous appeal as a home for innovation, due to their supportive ecosystem for new companies. Carlos Rodriguez, Sporaga Chief Executive, believes The Isle of Man is the Mecca of Gaming, perfect to base his business and raise a family.
After the first Presidential TV debate, which gathered a live audience of +100 million viewers, Clinton was strongly favored. Betfair revealed that, during the first Us Presidential TV debate, £3 million were traded.
The Democrat candidates’ odds shortened to 1.45 on Betfair, a 68.97% chance of a Hilary Clinton’s victory on November 8th. In turn, Trump’s poor debate performance led to a drift on the Republicans’ odds to 3.30, an equivalent of 30.30% chance of winning the US Presidency, according to Betfair. As said by Naomi Totten, Spokesperson for Betfair:
“This unbelievably close race continues to throw up surprises and is attracting a huge amount of interest in the Betfair market.”
The ‘US 2016 Election’ market on Betfair reached £47 million in wagers after the TV Debate, according to Betfair, beating any of its previous US political markets.
The PGA Tour Championship starts today with some major changes to the format. With $15 million to the winner, we take a look at the action.
Tiger Woods is out of the Northern Trust after one round. Let's look at what this means for him, as well as the rest of the FedEx Cup field.
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