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Favourit betting App Goes Live

Wednesday April 3, 2013 : 'FAVOURIT' SOCIAL SPORTS BETTING OUT OF BETA
 
iOS app offers online sports betting
 
The Australian online social sports betting platform Favourit has successfully completed beta testing and goes to full operational status this week
 
The enterprise's founder is currently seeking additional funding for the company, which has already raised almost A$4 million and offers online punters an internet hub where they can place bets on multiple sports including American football, soccer, tennis and boxing.
 
Users can select from any of the fixtures taking place later that day and bet on a number of different outcomes, such as the final result and who will score first.
 
The platform uses a virtual currency called “Favourit Caps”, which are increased each day; there’s also support for a number of third-party licensed betting operators, such as Paddy Power in the UK; its Australian subsidiary, Sportsbet and Tabcorp subsidiary Luxbet.
 
The Favourit app gets around Aussie laws by not processing real-money transactions, but allows users to connect to their existing accounts at major online sports betting groups.
 
Favourit CEO and founder Toby Simmons (26) has revealed that the company's strategy is to expand internationally.

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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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