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JETBET SOFTWARE GAINING GROUND

03/07/2012 : JETBET SOFTWARE GAINING GROUND
 
An accountant with a low budget but plenty of determination is starting to make an impact on the sports betting industry
 
The York betting software start-up Stakesoft, operating from budget premises at the university in that historic city, is reportedly making remarkable headway in the online sports betting sector with its Jetbet poduct, initially developed to speed up betting for users of the world's largest betting exchange, Betfair.
 
Former accountant Mert Ozbek, who set up the company, says it has experienced an "explosion of interest" since Jetbet was launched as a free app with an option to upgrade to a premium version just two months back.
 
More importantly, the interest has translated into black ink on the balance sheet, and a licensing deal with a major Australian company.
 
The speed of modern communication has generated sufficient interest for Ozbek to make available 16 different language versions of the software, including Portuguese, Spanish, Chinese, Bulgarian, Greek, Russian and Turkish.
 
In some cases, the interest has led to spin-off projects to develop client ideas, including one from a confidential major client of Betfair, Ozbek claims.
 
Ozbek's interest in internet gambling is not confined to Jetbet - the company has just launched Tipstersuite, software designed for professional tipsters which allows selections to be automatically uploaded to the internet and then downloaded to clients’ computers.
 
Then there's Steamerbot, automated software which tracks the biggest movements of odds prices before a race and automatically places bets where it finds the greatest movements.
 
Ozbek has other projects in the works, such as tracking betting movements during tennis matches.

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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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