Betway

Last updated

Betway
Company typeSubsidiary
Industry Online gambling
Founded2006
Headquarters,
Parent Super Group (NYSE:  SGHC)
Website betway.com

Betway is an online gambling company. Founded in 2006, it offers betting and gambling products including sportsbook and online casino. Betway has offices in London, Malta, Guernsey, and Cape Town, South Africa.

Contents

Overview

The Betway brand holds licenses in countries including the UK, Malta, Italy, Denmark, Spain, Belgium, Germany, Sweden, Mexico, South Africa, Portugal, Ireland, Poland, France, Argentina, and the United States. It is a member of the European Sports Security Association, [1] [2] the Independent Betting Adjudication Service, [3] the Remote Gambling Association, [4] [5] and is accredited by international testing agency eCOGRA. [6] Betway has a partnership with the Professional Players Federation, [7] which promotes, protects and develops the collective interests of professional sportspeople in the UK. [8] It is also a supporter of the Responsible Gambling Trust. [9] [10]

Alongside Spin Casino, Betway is a subsidiary of its holding company, Super Group. In January 2022, Super Group listed on the New York Stock Exchange via a SPAC, and now trades as SGHC.

Sponsorships and partnerships

Betway has sponsored many sporting organizations, events, teams and athletes, including West Ham United, [11] National Hockey League, [12] and South African Twenty20 Cricket League SA20. [13]

World record jackpot

In October 2015, Betway paid out €17,879,645 ($20,062,600; £13,209,300) to Jon Heywood (UK) for hitting the jackpot on Microgaming's Mega Moolah slot while playing at Betway. This was verified by Guinness World Records, at the time, [14] as the largest ever jackpot payout in an online slot machine, subsequently surpassed in 2019.

Regulation and compliance

Betway has been at the forefront of recent online gambling industry reforms. The company disbanded their 'VIP' department in 2019 following headlines surrounding the use of these departments to encourage high-rolling customers to continue using gambling products.

In March 2020, Betway was fined a then record £11.6m for historical failings in customer protection and anti-money laundering checks, allowing one customer to deposit over £8m and lose over £4m in a four-year period. [15]

In June 2020, Betway announced that they would be the first betting company to ban player transfer and managerial job betting in football, following high-profile cases that had linked the markets to manipulation and corruption across the industry.

In the United States, Betway is present in Virginia, Colorado, Indiana, New Jersey, Iowa, Arizona, and Pennsylvania. Users in all states can also play the free Betway Big Pick app to win money without gambling. [16]

Casino developers

Betway Casino offers games provided by developers such as NetEnt and Play'n GO.

Related Research Articles

<span class="mw-page-title-main">Slot machine</span> Casino gambling machine

A slot machine, fruit machine, poker machine or pokies is a gambling machine that creates a game of chance for its customers. Slot machines are also known pejoratively as one-armed bandits, alluding to the large mechanical levers affixed to the sides of early mechanical machines, and to the games' ability to empty players' pockets and wallets as thieves would.

<span class="mw-page-title-main">Video poker</span> Casino video game

Video poker is a casino game based on five-card draw poker. It is played on a computerized console similar in size to a slot machine.

Online casinos, also known as virtual casinos or Internet casinos, are online versions of traditional casinos. Online casinos enable gamblers to play and wager on casino games through the Internet. It is a prolific form of online gambling.

<span class="mw-page-title-main">Sports betting</span> Form of gambling

Sports betting is the activity of predicting sports results and placing a wager on the outcome.

A progressive jackpot is a jackpot which increases each time the game is played but the jackpot is not won. When the progressive jackpot is won, the jackpot for the next play is reset to a predetermined value, and resumes increasing under the same rule.

<span class="mw-page-title-main">888 Holdings</span> British online gambling company

888 Holdings plc, formerly Virtual 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 Gibraltar, alongside satellite offices in Bucharest, Ceuta, Leeds, London, Malta, Sofia, and Tel Aviv. It is listed on the London Stock Exchange.

Microgaming is a privately held gambling software company based in the Isle of Man. The company first developed online casino software in 1994.

<span class="mw-page-title-main">Grosvenor Casinos</span> British casino chain

Established in 1970, Grosvenor Casinos is a UK-based chain of 53 casinos located in major towns and cities across the UK, with two unbranded sister casinos located in Belgium. Grosvenor Casinos is owned by The Rank Group who operate exclusively in the casino, bingo and online gaming industries across Belgium, Spain and the UK.

Belle Rock Entertainment is a global gaming and entertainment group, licensed in Gibraltar, operating seven online casinos, online poker rooms and an online sportsbook. Owned by Chairman Tim Johnson, the Carmen Group was formed in 2002 out of the Demmy Group of companies. Prior to 2004 the company was known as Carmen Media Group Limited.

Betsson AB is an online gambling company, producing casino, poker, bingo, sports betting, and scratch cards websites, through more than 20 online gaming brands, including Betsson, Betsafe, and NordicBet. Betsson AB is listed on the Nasdaq Stockholm Large Cap List.

Real Time Gaming (RTG) is an online casino company developing download-based casino software, licensed by various operators running their own branded RTG-powered casino sites. The company was established in Atlanta, Georgia in 1998, but moved all development to Heredia, Costa Rica in 2007-2008.

StanJames.com was a remote gambling operator offering online, on mobile and telephone sports betting, Casino, Games and Poker. It was a significant part of the Stan James brand which began life in 1973 as a single betting shop in Wantage, Oxfordshire. In the forty years since, the brand had grown to become one of the most trusted names in UK betting and gaming.

Mr Green is an international online gambling company founded in 2007. Its product offering includes sports betting and online casino. In January 2019, Mr Green was acquired by William Hill for £242m. In July 2022, William Hill was subsequently acquired by 888 Holdings for £2.2 billion.

<span class="mw-page-title-main">888sport</span> Online sports gambling company

888sport is an international sports betting brand owned by 888 Holdings. It was founded in 2008, and is headquartered in Gibraltar. The company provides online sports betting, predominantly in European markets.

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.

LeoVegas AB is a Swedish mobile gaming company and provider of online casino and sports betting services such as table games, video slots, progressive jackpots, video poker and live betting to a number of international markets. LeoVegas Gaming Ltd. is a subsidiary of MGM resorts international.

<span class="mw-page-title-main">Unibet</span> Online gambling company

Unibet provides a platform for sports betting, online casino, bingo and online poker to over 11 million customers in over 100 countries. 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.

<span class="mw-page-title-main">Casumo</span> Online casino and sportsbook company

Casumo is a Maltese online casino and sportsbook services company, which includes video slots, jackpot games, live casino, table games and betting. Casumo has its headquarters in Malta in Swieqi, and has additional offices in Barcelona,Gibraltar and Zagreb. Casumo also owns online casino operators Dunder and Kazoom Casino.

<span class="mw-page-title-main">Gaming Innovation Group</span> Online gambling company

Gaming Innovation Group Inc. is an iGaming company offering cloud-based product and platform services and performance marketing to its B2B partners. The company is listed on the Oslo Stock Exchange under the ticker symbol "GIG", and on Nasdaq Stockholm under the ticker symbol "GIGSEK".

Return to Player (RTP) is a term used in gambling and online games to refer to the percentage or prizes that will be returned to a player depending on funds deposited during the game initially. Return to Player is one of the ways to attract players.

References

  1. "ESSA (Sports Betting Integrity)". www.eu-ssa.org.
  2. Ted Menmuir (6 May 2015). "Betway gains ESSA membership". SBC News.
  3. "Betway confirms IBAS Registration". casinolifemagazine.com. 17 March 2015. Archived from the original on 9 October 2020. Retrieved 7 April 2015.
  4. "GambleAware – Gamble Aware". www.responsiblegamblingtrust.org.uk.
  5. "Members of the RGA". Archived from the original on July 1, 2015. Retrieved February 10, 2015.
  6. "eCommerce and Online Gaming Regulation and Assurance – eCOGRA – Home". ecogra.org.
  7. "PPF – Professional Players Federation". www.ppf.org.uk.
  8. Ted Menmuir (9 June 2015). "Betway forms partnership Professional Players Federation (PPF)". SBC News.
  9. "GambleAware - Gamble Aware". www.responsiblegamblingtrust.org.uk.
  10. "Responsible Gambling Trust – Gambling Support – Gambling Problem". responsiblegamblingtrust.org.uk.
  11. "West Ham pens principal partnership deal with Betway". 23 August 2016.
  12. "NHL, Betway announce multiyear partnership".
  13. "Betway SA20 Official Website".
  14. "Largest jackpots payout in an online slot machine game (nominal)". Guinness World Records.
  15. "Record £11.6m penalty for gambling firm Betway". BBC News. March 12, 2020.
  16. "Betway, SI Sportsbook Set to Launch VA Sportsbooks by April".