Colossus Bets

Last updated

Colossus Bets
Industry Gambling
FounderBernard Marantelli, Zeljko Ranogajec
HeadquartersLondon, England
Key people
David O’Reilly (CEO)
ProductsSports betting, sports technology, pools betting
Website www.colossusbets.com

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 [1] and Zeljko Ranogajec in 2013. [2] The bookmaker currently focuses in pools betting by incorporating modern betting features such as Cash Out and Syndicates, currently holding seven US patents. [3] As well as offering lottery-sized jackpots.

Contents

History

Colossus Bets was launched in the UK in 2013, initially providing solely football pools. [4] [5] They would go on to add horse racing, greyhound racing, American football, ice hockey, basketball and darts pools, making them a multi-sport pools provider. [6]

In 2017, Colossus launched Syndicates, a group betting product that would allow its users to share the cost of their bets, and any potential winnings, with fellow players. [7] The introduction of horse racing pools in July 2018 meant that, for the first time, The Tote was no longer the sole horse racing pools operator in the UK market. [8] [9] The Place 6 pool was introduced as a direct equivalent to the Placepot. In addition to offering their sports and racing pools on their website, the Colossus Bets pools have also been integrated into a number of partner websites across the world, including Bet365, [10] Betway Africa, [11] Dafabet, [12] Matchbook, [13] Racebets, [14] Mr Green, [11] Nairabet, [15] Football Pools, [12] eStave, [16] and Paf. [17]

In August 2017, Colossus Bets announced that they had entered into a partnership with 54 British racecourses in order to supply betting pools. [18] However, in May 2018 a number of newspaper articles were published revealing that Zeljko Ranogajec was the principal backer of the company using the alias of John Wilson. [19] [20] [21] Subsequently, the consortium of 54 racecourses (Britbet) cancelled their arrangement with Colossus Bets in favour of The Tote. [22]

In May 2021 Esports Technologies Inc. (Nasdaq: EBET) announced an exclusive alliance with Colossus Bets . Under the terms of the agreement Colossus Bets became a shareholder in Esports Technologies Inc .

Conscious Colossus

In 2020, Colossus Bets launched ‘Conscious Colossus’, [23] [24] a charitable initiative created to “target several areas of responsibility and covering a wide range of causes, including the advancement of sport within communities, responsible gambling education and animal welfare.” [25] Conscious Colossus announced that they would be supporting three charities in their maiden year; Alive and Kicking, The Greyhound Trust and YGAM. [26] In 2021 they announced an updated line up of Alive and Kicking, YGAM and Clime-It Brothers for their second year. [27]

Dates of Significance

2012 – Founded by Bernard Marantelli. [28]

2013 – Colossus Bets launch in the UK with Michael Owen named as a brand ambassador. [29] [30]

2014 – Winner of the ‘Rising star’ award at the EGR Operator Awards. [31]

2017 – Colossus Bets launch Syndicates product. [32]

2017 – Colossus Bets announces partnership with consortium of British racecourses [33]

2018 – Colossus Bets launch horse racing pools. [34]

2018 – 54 British racecourses repudiate Colossus bets as their pools betting partner [35]

2019 - North Dakota Racing Commission licenses Colossusbets as a service provider [36]

2019 – Oregon Racing Commission grants Colossusbets a totalizator license [37]

2019 – Colossus Bets launch greyhound racing pools. [38] [39]

2019 – Announces a long-term licensing agreement with Bet365 that will allow the operator access to its cash-out patent portfolio in the US. [40] [41]

2020 – Colossus Bets launch ice hockey and darts pools. [42]

2020 – Winner of the ‘Best use of a brand ambassador’ award at the EGR Operator Marketing and Innovation Awards for their partnership with Fallon Sherrock. [43]

2020 – Colossus Bets agreed a five-figure sponsorship deal with the Greyhound Grand National. [44]

2020 – Bernard Marantelli is terminated as a director of the company. [45] [46]

2020 – David O'Reilly appointed as chief executive officer [47]

2021 – Esports betting and technology company Esports Technologies Inc concludes alliance agreement with Colossus Bets. [48]

2021 – Colossus Bets sued DraftKings and Tabcorp over patent infringement. [49]

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References

  1. ↑ "Bernard Marantelli - Powerbase".
  2. ↑ "About | Colossus Bets". corporate.colossusbets.com. Retrieved 10 August 2023.
  3. ↑ O'Boyle, Daniel (2 December 2021). "Colossus Bets sues DraftKings over cashout patent infringement". iGB. Retrieved 10 August 2023.
  4. ↑ "Courses team up with Colossus Bets to 'transform' pool betting". Racing Post . 17 August 2017. Retrieved 13 February 2021.
  5. ↑ "Colossus Bets launches weekly £1m HDA15 football jackpot". SBC News. 14 August 2014. Archived from the original on 2 October 2014. Retrieved 14 February 2021.
  6. ↑ Yogonet. "Colossus Bets strikes deal with SIS for British & Irish greyhound racing | Yogonet International". www.yogonet.com. Retrieved 8 May 2023.
  7. ↑ Allen, Brad (15 February 2017). "Colossus Bets launches Syndicates betting product". EGR Intel. Retrieved 14 February 2021.
  8. ↑ McClymont, Kate (17 May 2018). "Meet the Joker: the Australian who is the biggest gambler in the world". The Sydney Morning Herald . Retrieved 13 February 2021.
  9. ↑ "Revealed: 'world's biggest gambler' is partner to new racecourse betting firm Britbet". The Times . 17 May 2018. ISSN   0140-0460 . Retrieved 14 February 2021.
  10. ↑ "Bet365 to license Colossus Bets' US cash-out patents". Gambling Insider. 30 September 2019. Retrieved 13 February 2021.
  11. 1 2 "Sports betting but BIGGER". AGBrief. 29 January 2020. Retrieved 14 February 2021.
  12. 1 2 "Colossus Bets". Archived from the original on 27 October 2020. Retrieved 13 February 2021.
  13. ↑ Griffith, Mark (19 November 2015). "Matchbook launches Colossus Bets pools". InterGame. Retrieved 13 February 2021.
  14. ↑ Evans, Jake. "RaceBets goes live with Colossus jackpots". EGR Intel. Retrieved 14 February 2021.
  15. ↑ "Optima launches Colossus Bets pools". 19 October 2016. Retrieved 13 February 2021.
  16. ↑ "Bb117 digital". Issuu. Retrieved 13 May 2021.
  17. ↑ Narayan, Niji (6 September 2018). "Paf partners with Colossus to launch world's biggest jackpots". European Gaming Industry News. Retrieved 14 February 2021.
  18. ↑ "Courses team up with Colossus Bets to 'transform' pool betting | Horse Racing News | Racing Post". www.racingpost.com. Retrieved 13 May 2021.
  19. ↑ "Aussie known as world's biggest punter takes 'high risk' bet on British racing". NewsComAu. 17 May 2018. Retrieved 13 May 2021.
  20. ↑ Souster, Mark. "Revealed: 'world's biggest gambler' is partner to new racecourse betting firm Britbet". The Times . ISSN   0140-0460 . Retrieved 13 May 2021.
  21. ↑ McClymont, Kate (17 May 2018). "Meet the Joker: the Australian who is the biggest gambler in the world". The Sydney Morning Herald. Retrieved 13 May 2021.
  22. ↑ "Tote, britbet Enter Standstill Period". Thoroughbred Breeding and Auctions. 12 June 2018. Retrieved 13 May 2021.
  23. ↑ Streeter, Joe (31 July 2019). "'Conscious Colossus' and the role of sport in disadvantaged communities". Insider Sport. Retrieved 13 February 2021.
  24. ↑ Narayan, Niji (26 July 2019). "Colossus Bets Launches "Conscious Colossus" Charity Initiative". European Gaming Industry News. Retrieved 13 February 2021.
  25. ↑ "Introducing YGAM: Informing, educating and safeguarding young people against problematic gambling". Colossus Bets Blog. 23 July 2017. Retrieved 13 February 2021.
  26. ↑ Streeter, Joe (24 July 2019). "Colossus Bets backs the Greyhound Trust with charitable campaign". Insider Sport. Retrieved 14 February 2021.
  27. ↑ "Clime-it Brothers Interview". Colossus Bets Blog. 23 November 2020. Retrieved 13 February 2021.
  28. ↑ "Colossus Bets founder, CEO no longer at the helm". CalvinAyre.com. 15 October 2020. Retrieved 14 February 2021.
  29. ↑ "Colossus Bets names Michael Owen brand ambassador (Press release)". Casino City. 9 September 2013. Archived from the original on 11 July 2015. Retrieved 13 February 2021.
  30. ↑ Stoker, Liam (10 September 2013). "Colossus Bets signs up former England striker Michael Owen". EGR Intel. Retrieved 13 February 2021.
  31. ↑ "Colossus Bets wins Rising Star at EGR Operator Awards". SBC News. 25 November 2014. Retrieved 13 February 2021.
  32. ↑ "Bernard Marantelli - Colossus Bets - Building a Crowd Pleaser with Colossus Syndicates". SBC News. 21 February 2017. Retrieved 13 February 2021.
  33. ↑ Williams, Callum (17 August 2017). "British Racecourses and Colossus Bets Announce Partnership to Transform Pool Betting on British Racing". Colossus Blog. Retrieved 13 May 2021.
  34. ↑ Cranham, Mark (12 July 2018). "No revolution but still a new start for pool betting as Betfred monopoly ends | Horse Racing News | Racing Post". Racing Post . Retrieved 14 February 2021.
  35. ↑ "No revolution but still a new start for pool betting as Betfred monopoly ends | Horse Racing News | Racing Post". www.racingpost.com. Retrieved 13 May 2021.
  36. ↑ Acteson, Ed (1 August 2019). "Colossus celebrates its sixth anniversary". Colossus Blog. Retrieved 13 May 2021.
  37. ↑ "Colossus Bets obtains totalizator license in Oregon". www.yogonet.com. Retrieved 13 May 2021.
  38. ↑ "SIS pens new partnership with Colossus Bets". SBC News. 8 October 2019. Retrieved 13 February 2021.
  39. ↑ Miller, George (30 October 2019). "Colossus Bets secures first U.S. customer for SIS World Greyhound Tote Pool jackpots". European Gaming Industry News. Retrieved 13 February 2021.
  40. ↑ "Terms and Conditions". 19 May 2022. Retrieved 20 July 2024.
  41. ↑ "Bet365 to license Colossus Bets' US cash-out patents".
  42. ↑ "Colossus launch NHL pools!". Colossus Bets Blog. 24 September 2019. Retrieved 14 February 2021.
  43. ↑ "Colossus Bets - Back to the future". Gambling Insider. 23 January 2020. Retrieved 13 February 2021.
  44. ↑ "Colossus Bets steps in to sponsor Greyhound Grand National". Insider Sport. 6 October 2020. Archived from the original on 30 October 2020. Retrieved 23 July 2021.
  45. ↑ "Colussus Bets Confirms Bernard Marantelli CEO Departure". SBCNews. 14 October 202. Archived from the original on 17 October 2020. Retrieved 3 June 2021.
  46. ↑ "Marantelli Termination of Directorship - JustPaste.it".
  47. ↑ "David O'Reilly succeeding Bernard Marantelli as Colossus Bets CEO".
  48. ↑ "Archived copy". Archived from the original on 24 May 2021. Retrieved 24 May 2021.{{cite web}}: CS1 maint: archived copy as title (link)
  49. ↑ https://www.lawyerly.com.au/tabcorp-sued-for-patent-infringement-over-cash-out-on-quaddie-feature/
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