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BetVictor has launched a new Cash Out facility

Thursday July 16,2015 :  BETVICTOR LAUNCHED IN-HOUSE DEVELOPED NEW CASH OUT FACILITY
 
New facility will initially be made available to UK sports betting punters.
 
Gibraltar-licensed online casino and sportsbook operator BetVictor has launched a new Cash Out facility which has been developed in-house by the company's technology team.
 
Cash Out will initially be made available to UK customers across all channels for pre-match and in-play betting in five of the company’s most popular football markets - Win-Draw-Win, Correct Score, Both Teams to Score (BTTS), Win & BTTS markets and over/under goals.
 
Later its availability will be expanded to non-UK markets, both established and new, and a wider selection of sports will be offered.
 
Head of sportsbook at BetVictor, Eoin Ryan, said Thursday: “The introduction of Cash Out to the Sportsbook is a major milestone in terms of our development. It’s a crucial product that the modern day bettor expects to have access to, and we know that it will help us continue the sustained growth and progress we have seen, especially in our football business, over the past few years.
 
“Over the coming months we will continue to refine the initial launch product and will quickly look to extend its scope to more sports and markets, as well as to innovate with new functionality.”
 
BetVictor has been relatively slow to introduce Cash Out, which was first deployed by Betfair in early 2011, and is already a feature of sports betting operations at major companies like bet365, Betfair and Ladbrokes.

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Gambling News :

Loot’enKhamun Pays $3.8 Million Jackpot - A London-based construction worker’s year got off to a great start when he hit the Loot’enKhamun jackpot at bwin casino.

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.

SOUTH KOREANS BUSTED IN THAILAND ON ONLINE GAMBLING CHARGES - Those detained were named as Jeong Kyujin (35), Han Kyoreh (26), Choi Sung Ming (35) and Bae Jeonghwan (26), all of whom claimed that they had bene hired by a Korean man to operate online gambling sites.

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.

Russian betting Sites to face rise in tax rates - Online bookies also pay a 1 percent commission on each transaction through the TSUPIS, and face levies at 5 percent of GGR to assist Russian sports federations.

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