NET88

NET88

Industry	Gambling
Founded	2015
Products	Sports betting, online casino

NET88 is a Vietnamese betting firm founded in 2015. The firm has been in the midst of several controversies since 2024.

History

NET88 was founded in 2015. ^[1] The UK trademark was filed on 13 March 2024. ^[2] In 2024, NET88 became the sponsor of Premier League club Crystal Palace for a two-year deal, replacing previous sponsor Cinch. ^{[3] [4]} NET88 had little online presence before the deal, and didn't have an Twitter account until June 2024. ^{[5] [6]}

Sponsorship and media coverage

In June 2024, NET88 was announced as the new front-of-shirt sponsor for Crystal Palace Football Club in a multi-year partnership deal. ^[7] The club officially announced the partnership on their social media platforms and website on June 13, 2024. ^[8]

According to SportsPro, the deal was reported to be worth approximately £10 million per season, representing a significant increase from the club's previous sponsorship arrangements. ^[9] The Athletic reported that the partnership came as Premier League clubs were facing a deadline to secure new front-of-shirt sponsors following regulatory changes in the gambling sector. ^[10]

Following the announcement, some media outlets noted that public records showed trademarks for NET88 and Wolverhampton Wanderers' sponsor DEBET had been filed on the same day, ^[11] leading to discussions about potential connections between the entities. ^[12]

References

1. "Trade mark number UK00004025693". trademarks.ipo.gov.uk. Retrieved 15 December 2024.
2. "Trade mark number UK00004025693". trademarks.ipo.gov.uk. Retrieved 15 December 2024.
3. "Crystal Palace announce NET88 as shirt sponsor for the 2024/25 season" (Press release). London: Crystal Palace Football Club. 12 June 2024. Retrieved 12 June 2024.
4. "Crystal Palace news: Net88 become new shirt sponsor". BBC Sport. 12 June 2024. Retrieved 15 December 2024.
5. Woosnam, Matt. "Crystal Palace face criticism over gambling firm sponsorship deal". The New York Times. ISSN   0362-4331 . Retrieved 15 December 2024.
6. Smith, Dom (13 June 2024). "Crystal Palace's 'record' shirt sponsorship deal under scrutiny". The Standard. Retrieved 15 December 2024.
7. "Crystal Palace announce NET88 as new front-of-shirt sponsor". Evening Standard. Retrieved 15 December 2024.
8. "Crystal Palace FC on X: "We are delighted to announce NET88 as our new front-of-shirt partner from the 2024/25 season onwards."". X (formerly Twitter). Retrieved 15 December 2024.
9. "Crystal Palace secure NET88 as new shirt sponsor". SportsPro. Retrieved 15 December 2024.
10. "Crystal Palace secure new front-of-shirt sponsor in NET88". The Athletic. Retrieved 15 December 2024.
11. "Trade mark number UK00004025689". trademarks.ipo.gov.uk. Retrieved 15 December 2024.
12. TheSportsGrail; Choudhary, Reena (14 June 2024). "Who is the owner and CEO of NET88 Vietnamese betting company as it becomes new Crystal Palace sponsor". The SportsGrail. Retrieved 15 December 2024.