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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 :
FanDuel adds English Premier League action -
Daily fantasy sports operator FanDuel, which is now additionally active in the UK market, has announced the inclusion on its roster of English Premier League action, with associated contests scheduled for roll-out next week.
Coral Q4-2016 earnings reports -
Ahead of its forthcoming merge with Ladbrokes, the online and land gambling group Coral published its Q4-2016 financial numbers Thursday, detailing the twelve week period ended September 25 2016.
Unibet in cooperation with -
Online gambling operator Unibet Group has signed a cooperation agreement with the FIFA subsidiary Early Warning System GmbH (EWS).
Kiron Interactive in deal with Digitain -
The online gambling expo and conference EiG 2016 has enabled two online gambling companies to come together in a commercial deal; specialist virtual games supplier Kiron Interactive has inked an agreement to distribute its virtual games via Armenia’s Digitain.
GLOBAL SPORTS BETTING WORTH $253.3 BILLION BY 2020 -
Ujjwal Doshi, lead analyst at the research firm, says, “Low-cost cross-border service delivery is opening up sports betting markets, which were previously protected by state-regulated monopolies or dominant local operators.”
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