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Betfair Signs 3 Millionth Player
4/29/10 - One of the most ethical and professional online gambling groups in the industry, Betfair, has announced a landmark sign-up this week as it celebrates ten years of successful and expanding operations - its 3 millionth player.
It's a remarkable achievement, even assuming that the actual number of active, regular players - guesstimated based on Betfair reports - is probably somewhere around the 800 000 mark; still a ringing endorsement of the quality of the company's operations, which range across almost the entire spectrum of internet betting.
Betfair spokesmen said this week that the group processes some 6 million wagers a day through its hi-tech IT systems, said to be the envy of many technologists. In the past year alone the company has successfully handled over 500 million wagers.
Betfair chief executive David Yu says: "Reaching our three millionth customer is a significant achievement of which I am extremely proud. Our continued growth is a testament to Betfair appealing to a wider range of people than ever before. The fact that we have passed this milestone in the year we celebrate our tenth birthday is symbolic of how far we have come in that time.
"With what should be the biggest betting event of all time just around the corner in the [football] World Cup we will be looking to build on this achievement as we power our way to four million."
With rumours of an upcoming IPO growing ever stronger, this is a company that the market will be watching closely.
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Gambling News :
Is Gibraltar Out of Luck in US Tax Challenge -
Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.
Quickspin are now available in Denmark -
#quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.
UCypher Launches -
Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.
Extreme Live Gaming In deal With Betsson -
Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.
Expansion Mode For BoyleSports -
The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..
Safecharge Q4-2016 -
Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.
ASA Most Controversial Ads of 2016 -
Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.
Yggdrasi To Enter Italian Gambling Market -
Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.
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