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Betfair Social networking
10/26/09 - Industry sources are abuzz at the news expected later today (Monday) that online gambling giant Betfair's Australian operations are about to make a major investment in the social networking provider Watercooler, an Internet start-up that has registered 26 million users in only two years.
Watercooler offers some 600 online applications, mostly for American sports teams, where its members can exchange views on favourite games and players.
Millions of English football fans are currently using Watercooler applications on Facebook. Watercooler makes its money from advertising, subscriptions to premium content, such as live score tallies and sports merchandise.
Sources indicate that Betfair will likely to use the Watercooler technology to introduce more social features to its online presence.
Betfair has more than 2.5 million registered customers in 140 countries and pioneered exchange betting, later moving into othr online gambling sectors. The betting firm processes more than six million transactions a day, employs over 400 computer engineers and has an wokforce of over 1 600. The cmpay also owns the massive US-based horseracing wagering business TVG, and has invested more than $177 million in new games and technology in recent years.
In August this (2009) year the group reported a 29 percent jump in underlying earnings to $127 million in the year to the end of April, from revenues that soared 27 percent.
Betfair's involvement in Watercooler is as a leading investor in a US$5.5 million cash-injection exercise designed to fund further development of fantasy sports and social gaming on Facebook and similar Web 2.0 platforms.
Gambling News :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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