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SOCIAL BETTING ON EURO 2012 FOOTBALL

Monday June 11, 2012 : SOCIAL BETTING ON EURO 2012 FOOTBALL
 
Bragbet offering new service
 
A brand new social betting concept involving groups of friends relying on each other's soccer savvy and knowledge to win cash has been unveiled by Irish start-up BragBet to coincide with the Euro 2012  football championships currently running in Ukraine.
 
The BragBet Euro 2012 contest takes the form of a beta trial for a wider launch ahead of the new football season, and involves teams of up to six friends or who take turns each day to place bets on matches in the tournament. No cash will change hands during Euro 2012, but cash prizes totalling Euro 2,012 will be on offer, including Euro 1,000 for the best performing team.
 
"Online betting has never been a very social activity and we want to change all that by integrating it with the very best aspects of social media," said Phil Riordan, CEO of BragBet.
 
"The BragBet Euro 2012 contest is our opportunity to trial the platform for the first time, introducing a new kind of fun, interactive betting that will particularly appeal to the younger market."
 
Team members will be encouraged to post their daily choices on the social networking site, agree or disagree with  their friends' choices and boast about their successes, while their opponents will also be able to see how each team is performing on the BragBet website, creating a race to the final as the tournament progresses,
 
"For Euro 2012 we're offering BragBet as a way to let our players have fun and win some cash prizes," added Riordan. "Later on in the year we'll be giving our players the chance to bet with their own, and their friends, money."
 
When the BragBet site launches for real money players will have the option to place monetary bets on the performance of their team, meaning that the team captains are effectively betting with their friends' cash.

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Gambling News :

Interwetten 2016 Earnings Results - Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform

EU Online Gambling Tax Harmoney Dead - Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.

Jack Lam Facing Big Fines in the Philippines - It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.

Walter Merricks Term As Gambing Commissioner Extended - The UK Government has extended Walter Merricks’ term as Commissioner of the Gambling Commission for a further year, ending December 31, 2017.

Loot’enKhamun Pays $3.8 Million Jackpot - A London-based construction worker’s year got off to a great start when he hit the Loot’enKhamun jackpot at bwin casino.

PlaySugarHouse To Carry Konami Content - Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.

ITF TERMINATES BETWAY SPONSORSHIP DEAL - The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.

GSA To Launch European division - The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.

Paddy Power Trading Update - Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.

Tabcorp SunBets project - The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.

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