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Favourit expanded into the B2B Space

Saturday June 15,2013 : AUSSIE SOCIAL SPORTS PROVIDER LAUNCHES B2B OPERATION
 
Favourit as worked with some big names in online and mobile sports betting
 
Toby Simmons, the 26-year-old CEO of Aussie social sports betting company Favourit, has announced that his company has expanded into the business-to-business space, leveraging its experience from working with industry giants like Paddy Power and TABcorp.
Since launching as a privately funded start-up earlier this year, Favourit has seen outstanding growth in wagering through its platform, reporting growth rates around 225 percent a month. It hopes to further boost business by offering white label deals to other entrepreneurs.
 
Based in Melbourne, Favourit has a popular free iOS app out in the social sports market to complement existing mobile and web HTML apps.
 
Simmons aims to provide bettors and sports fans with a single platform for wagering real cash or virtual currency using Favourit’s integrator with several of the world’s top betting sites, including Sportsbet.com.au, Paddy Power, and Luxbet.
 
Favourit's key to success is that it doesn’t facilitate real currency transactions; instead, users use their existing accounts in betting operators to wager bets using Favourit’s platform.  Favourit provide the vehicle for making betting more social for punters.
 
In addition to Simmons, the Favourit management team includes Martin Dalgleish, former Australian CEO of New Media for Publishing and Broadcasting Limited, who has administered the $3.6 million in funding raised for the start-up from angel investors and friends.
 
Simmonds believes his company has the potential to become the Facebook of the social sports betting scene, and his site reflects the requirements of a younger, 20 to 35 demographic, providing often expert information and interaction in equal measure, and encouraging a competitive but friendly culture among members.

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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