 | |
| Company type | Private |
|---|---|
| Industry | Gambling |
| Founded | 1946 |
| Founder | William Chandler |
| Headquarters | |
Key people | Andreas Meinrad (CEO), Victor Chandler (Former Chairman) |
| Products | Sports betting, online casino |
| Website | www |
BetVictor, founded in 1946, is an online gambling company based in Gibraltar, owned by British businessman and racehorse owner Michael Tabor. It provides services such as sports betting and online casinos.
The company was founded by William Chandler, the proprietor of Walthamstow Stadium, a greyhound racing track located in the London Borough of Waltham Forest in East London in 1931. [1] Victor Sr. and Jack took over the bookmaking business following William Chandler's passing in 1946. Victor Sr. died unexpectedly in 1974, and his son Victor Jr., who was then employed in the hospitality industry in Spain, assumed control of the business.
In 1998, the headquarters relocated to Gibraltar to avoid the UK’s gambling taxes. [2] Some have suggested [ by whom? ] that the relocation of BetVictor’s headquarters was a factor in the decision to abolish the gambling tax in Gordon Brown's 2001 budget. [3]
The company underwent a rebranding in 2004, changing its name to "VC Bet," but eventually reverted to "Victor Chandler" in late 2008. [4] In 2012, to ensure consistency and recognition across international markets, the company underwent another rebranding and adopted the name "BetVictor". [5] In May 2014, Michael Tabor, a businessman and major shareholder of Victor Chandler International, assumed control of the company. [6]
In September 2021, BetVictor disclosed its collaboration with Quantum Metric, aimed at advancing and enhancing consumer-centric products. [7]
In 2020, German newspaper BILD confirmed that it had started a cooperation with BetVictor to launch BildBet. [8] Later in 2020, BetVictor made an agreement with Parimatch to be their white label provider in the UK. [9] On September 9, 2021, BetVictor announced a partnership with Global Media & Entertainment to relaunch HeartBingo, their UK gaming brand. [10] In August 2022, BetVictor partnered with talkSPORT to launch a new UK sports betting brand, talkSPORT BET. [11]
In February 2022 BetVictor faced a £2 million (€2.4/$2.7 million) regulatory action after the UK Gambling Commission investigation revealed fairness, social responsibility, and anti-money laundering failures. [12] The operator will pay the money as part of a settlement with the commission, and the settlement money will go to the National Strategy to Reduce Gambling Harms. [13]
In 2023, the UK Advertising Standards Authority investigated a BetVictor Facebook ad featuring images of FC Barcelona players Jordi Alba and Sergio Busquets. They ruled that the advert had breached the code of practice as it was likely to have a strong appeal to under-18s. [14]
Ladbrokes Coral is a British gambling company founded in 1886. Its product offering includes sports betting, online casino, online poker, and online bingo. The Ladbrokes portion of the group was established in 1886, and Coral in 1926. In November 2016, the companies merged to create Ladbrokes Coral Group. Since March 2018, it has been owned by Entain. Prior to its sale, Ladbrokes Coral was listed on the London Stock Exchange, and was a member of the FTSE 250 Index.
William Hill is a British gambling company founded in 1934. Its product offering includes sports betting, online casino, online poker, and online bingo. Business operations are led from its headquarters in London. The company was previously listed on the London Stock Exchange until it was acquired by Caesars Entertainment in April 2021. In July 2022, William Hill was subsequently acquired by 888 Holdings for £2.2 billion.
Michael Barry Tabor is a racehorse owner. As a partner in Coolmore Stud, he is one of only four racehorse owners to have won both the Epsom Derby and the Kentucky Derby.
Evoke plc, formerly 888 Holdings Limited, is an international sports betting and gambling company. It owns brands such as 888casino, 888poker, 888sport, Mr Green, and William Hill. Business operations are led from its headquarters in London, alongside satellite offices in Bucharest, Ceuta, Gibraltar, Leeds, Malta, Sofia, and Tel Aviv. It is listed on the London Stock Exchange.
FanDuel TV is an American sports betting-oriented digital cable and satellite television network owned by FanDuel Group, the U.S. subsidiary of Irish bookmaker Flutter Entertainment. It primarily airs live coverage of U.S. and international horse racing as well as studio shows focused on mainstream sports.
Coral is a chain of betting shops in the United Kingdom, owned by Entain. The Coral business was established by Joe Coral in 1926. It grew into an entertainment conglomerate before undergoing a series of ownership changes starting in 1981. As of 2015, Coral had 1,845 shops across the country.
Playtech plc is a gambling software development company founded in 1999. The company provides software for online casinos, online poker rooms, online bingo games, online sports betting, scratch games, mobile gaming, live dealer games and fixed-odds arcade games online. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
BoyleSports is an Irish gambling company founded in 1982. It includes sports betting, online casino, online poker, and online bingo. Business operations are conducted from its headquarters in Dundalk, along with a satellite office in Gibraltar. As of 2023, BoyleSports has over 320 retail branches throughout Ireland and the UK.
Betfred is a bookmaker based in the United Kingdom, founded by Fred Done. It was first established as a single betting shop in Ordsall, Salford, in 1967. Its turnover in 2004 was reported to be more than £3.5 billion, having risen from £550 million in 2003 and has continued to grow to over £10 billion in 2018-2019. Following a drop in 2020 and 2021 as a result of the Covid pandemic, published turnover for the year to September 2022 was £8.8 billion.
32Red is a public British online casino company located in Gibraltar. It was acquired by the Kindred Group in July 2017 for £176 million.
Victor William Chandler is a British businessman, bookmaker, and former chairman of the company BetVictor, legally Victor Chandler International.
Kindred Group is an online gambling operator which consists of nine brands, among them Unibet, Maria Casino and 32Red. The Group offer products such as online casino, online poker, online bingo, and sports betting. The company is registered in Malta, but also has major hub offices in Gibraltar, London, Stockholm and the US in addition to smaller satellite offices across Europe and Australia. Kindred Group is a publicly listed company on the Stockholm Stock Exchange (Nasdaq). In 2017, the company's revenue was GBP 751.4 million.
The Grand Prix was a classic greyhound competition held at Walthamstow.
Legal forms of gambling in the U.S. state of Texas include the Texas Lottery; parimutuel wagering on horse and greyhound racing; charitable bingo and raffles; and three Native American casinos. Other forms of gambling are illegal in Texas.
Flutter Entertainment plc, formerly Paddy Power Betfair plc, is an international sports betting and gambling company. It is listed on the New York Stock Exchange as well as having a secondary listing on the London Stock Exchange. It owns brands such as Betfair, FanDuel, Paddy Power, PokerStars, Sky Betting & Gaming, and Sportsbet.
Entain plc, formerly GVC Holdings, is an international sports betting and gambling company. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. It owns brands such as bwin, Coral, Ladbrokes, PartyPoker and Sportingbet.
Unibet is a sports betting, online casino, bingo and online poker platform. Unibet is a part of Kindred Group–an online gambling operator which consists of 11 brands along with Maria Casino, Stan James, 32Red, and iGame. Today, Unibet has over 1,500 employees and offices in Malta, London, New York, and Gibraltar among others. Unibet launched its first online website in 1999, launched live betting service in 2003 and introduced mobile site in 2004.
Bally's Corporation is an American gambling, betting, and interactive entertainment company headquartered in Providence, Rhode Island. It owns and operates 15 casinos across ten states, a horse track in Colorado, and online sports betting operations in 14 states.
Colossus Bets is a British bookmaker specialising in pools betting. The Colossus Bets is headquartered in London, England, and was founded by former Monsanto PR operative Bernard Marantelli and Zeljko Ranogajec in 2013. The bookmaker currently focuses in pools betting by incorporating modern betting features such as Cash Out and Syndicates, currently holding seven US patents. As well as offering lottery-sized jackpots.
Jackpotjoy is an online bingo and casino platform that offers a wide range of games like slots, blackjack, roulette, and poker.