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7 Independent Bookmakers Launch Betpack
5/13/10 - The Press Association reports that seven independent bookmakers in Ireland have joined forces online to compete with rival chain operators for a slice of the estimated Euro 1.5 billion internet gambling action.
Directors of new website Bet Pack.com say they hope the project will safeguard the jobs of 500 betting shop staff.
Bet Pack spokesman Jimmy Finlay said it was one of the biggest developments yet in Irish bookmaking.
"We were losing approximately 25 percent of earnings to online betting once we closed our shops in the evening and now we can develop a relationship with our customers both over the counter and through the website," he said. "It is a boost to every bookmaker involved as this will now help safeguard the jobs of our staff while also helping to engage with more customers online."
The investment, which has created eight new jobs, has been formed by Bambury Bookmakers, Hackett's, Mulholland's, Terry Rogers, Toolan Bookmakers, Track Bookmakers and Tully's.
Together the group operates 180 betting shops nationwide.
It aims to take in Euro 200 million on online bets in the first year - recouping the money they claim they are losing over the internet to high-profile competitors.
It is estimated that Euro 3.2 billion is laid in betting shops in Ireland every year with up to Euro 1.5 billion wagered online through sports bets, casino, poker and bingo sites.
Finlay said the increased online competition will create a level playing field for independent traders to compete with big international firms. Directors also hope more independent bookmakers will join the online venture in the coming months.
"Since we went online with BetPack, even before we were officially launched and the news got around the bookmaking circuit, we have had inquiries every day from bookmakers looking to get involved," Finlay claimed.
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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.
China Lottery Sales Up in 2016 -
The Chinese official news agency Xinghua reports that according to figures from the Ministry of Finance released Monday, Chinese lottery sales in 2016 rose 7.3 percent year-on-year to 394.64 billion yuan (about US$57.53 billion).
New chairman and a new director for 500.com -
Chinese online lottery operator 500.com has announced major executive changes to the company with the apparently amicable departure of director and chairman Man San Law, as well as director Weiguo Zhao from its board of directors, effective January 20, 2017.
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