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Sportsbook Banking (18 articles)

Sportsbook.io Introduces First Crypto Cashout Feature

One of the leading sportsbooks that exclusively caters to Bitcoin users, Sportsbet.io , has just presented the pioneering cryptocurrency cashout feature, the first-ever to be deployed on a sportsbetting website. Players will now have more control over their bets, even letting them adjust the bet...

Sportsbook Banking

Bookmaker.eu Imposes 16% Processing Fee on Deposits

First off, and I've got my hand on my hip when I say this, if any online gambling operator charges a fee for making a deposit, forget your login details and move on to another site. Of course this applies to standard deposit methods like a credit/debit card, bitcoin or e-wallet. With that said, we received an interesting email from Bookmaker.eu, an online bookie,...

Sportsbook Banking

US Payment Processor to Block DFS Transactions

America's daily fantasy sports (DFS) industry took another hit this week as an online payment processor, Vantiv, announced the suspension of transactions related to DFS operators starting February 29, 2016. The payment processor revealed concerns regarding the handling of such transaction at the end of last year following the New York Attorney General's final...

Gambling Law & Society News Sportsbook Banking

DraftDay Employs Solus Geolocation Technology

DraftDay Gaming Group announced the use of GeoComply's "Solus" geo-location technology. GeoComply says Solus fits the needs for the growing daily fantasy sports sector. "DFS is one of the fastest growing sectors in the United States today," said GeoComply chief executive Anna Sainsbury. "We have designed Solus to fit the specific characteristics of the dai...

Sportsbook Banking

666Bet Preparing to Pay Players

After the suspension of its UK gaming license, MetroPlay's 666Bet is in the processing of preparing to play players. The company published the following notice to its players: 'In preparation for you being able to access your account and make a withdrawal can we ask that all customers who do not currently have a Skrill/Moneybookersaccount to please open...

General Sportsbook News Sportsbook Banking

666Bet Players Start a Petition to Get Paid

Following the suspension of its gaming license by the UK Gambling Commission, it seems that Metro Play's 666Bet is experiencing delays in paying out hundreds of players. Disappointed players have taken to online forums leading to the issuance of the following statement from the company: 'We apologize for the continued delay in returning customer funds. We...

Gambling Law & Society News Sportsbook Banking

New Payment Portal for Russian Online Sports Betting Transactions

Russia is pulling out all the stops to prevent illegal online gambling with its most recent introduction of a payment portal for online sports betting allowing transactions with authorized operators only. Attempts to conduct transaction with illegal operators will be blocked via ISP. A new regulatory body, Association of Russian Bookmakers, was put togeth...

Sportsbook Banking

Canbet Relinquishes UK Gaming License

Australian online sports betting company Canbet relinquished its UK Gambling Commission license and it is rumored that the decision was made to avoid the negative attention drawn to the company should the Commission revoke it first. Canbet faces allegations that it cannot meet payment obligations of approximately $2 million and has closed leaving punters unpai...

Gambling Law & Society News Sportsbook Banking

Paddy Power Plans to Roll Out Fast Cashouts for Sports Betting

Paddy Power is planning to roll out faster cash-out processes in response to a punter request according to the Sunday Independent news publication. Betfair revolutionized the concept of fast cash-out services allowing punters to claim their bet before a race or a football match is complete. Paddy Power's Peter O'Donovan changing cashout services is just one...

Sportsbook Banking

Bitcoin Used for New Sportsbetting Platform

The topic of Bitcoin as virtual currency has been a popular one in the gambling industry and Swiss software developer, Betting has created a new online sportsbetting platform using this currency. The company did its research on the success of Bitcoin which was used in the content of the platform. The platform itself gives leeway to operators in terms of exc...

General Sportsbook News Sportsbook Banking

UK Football Conference Gets New Sponsor - Skrill

Online payments firm Skrill has become a sponsor of the three divisions of the UK Football Conference in a deal which will last for three years. On the position Skrill has replaced Blue Square, whose sponsorship expired in May this year, and the deal will see the Conference's divisions rebranded as The Skrill Premier, The Skrill North and The Skrill South....

General Sportsbook News Sportsbook Banking

Betislands' Bankruptcy

After its financial backers pulled out, sports betting website Betislands has gone to the wall with a bleak picture for owing monies to its players. Additionally, bad management decisions and a tough run of sports events have been blamed for the company's failure after only three years in business. However, there were warning flags when the company had diffic...

General Sportsbook News Sportsbook Banking

Skrill Payment Solution for Bet365

UK bookmaker Bet365 is getting a new, mobile friendly payment solution via digital wallet provider Skrill (formerly Moneybookers). Skrill 1-Tap is a solution which will provide bet365 customers with the possibility to make payments by depositing in 'one tap' on any device, without having to re-enter login details or credit card information. It has been specifi...

General Sportsbook News Sportsbook Banking

Announced Two Way's Merger with Priority One

An off-market takeover bid for 100% confirmed Two Way Limited, the Australian provider of interactive media and gambling applications, signed this week a non-binding Letter of Intent to merge with Priority One Network Group to confirm that it intends to make an off-market takeover bid for 100 percent of the Priority One. Priority One operates through a netw...

General Sportsbook News Sportsbook Banking

Panama City-Based BetOnline Takes Over SportsBetting Brand

The new shareholders guarantee past and future payouts from the acquired website BetOnline, Panama City-based internet gambling company, announced take-over of the controlling stake in SportsBetting, though the investors remain unidentified. With the latest ownership change, SportsBetting will receive improved software from DGS and ASI, as well as quicker pay-...

Gambling Law & Society News Sportsbook Banking

BoyleSports Changes Minimum Deposit Policy

From GBP/Euro 10 to 5 Good news arrived this week from BoyleSports in the eve of Euro 2012 football competition - the company informed its affiliates and customers that its minimum deposit policy has been reduced from GBP/Euro 10 to only GBP/Euro 5. This will surely attract even more customers to the bets offered by this reputable bookmaker, whose offerin...

General Sportsbook News Sportsbook Banking

Paddy Power Gets Payment Processing from Realex

New service for improved player experience According to the latest industry reports, an agreement has been reached between European payment service provider Realex Payments and Irish gambling company Paddy Power, thanks to which Paddy's customers will be able to benefit from payment processing across various channels, currencies, regions and card types. The...

General Sportsbook News Sportsbook Banking

US Government Prosecuting another E-Processing Company

Pennsylvanian company Payment Processing Center involved in an illegal transfer? The latest reports concerning prosecution of e-processing companies by the US federal enforcement authorities have brought an old multi-million dollar case of now defunct betting firm BetonSports to the front burner. This firm was one of the first major online betting companies...

Gambling Law & Society News Sportsbook Banking

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