Industry

The esports industry looks less like a fad with each passing year. The meteoric rise of esports and esports betting has been well-documented by now, and still neither is showing any signs of slowing even a little bit.

The Review of Online Gambling report released by the UK Gambling Commission (UKGC) was full of interesting takeaways as we noted in this post last week. We discussed some of the bigger proposals and interesting industry statistics, but there was also one other thing that has jumped out at us and others following the industry.

2017 was a big year for sports betting sites licensed in Italy. Revenue figures reported by Italian gaming website AGIMEG.it reveal the sports betting industry in general and online betting specifically both saw record handle for the year ending 2017 due to a huge year-over-year surge.

LetBet (www.let.bet) has thrown its name in the hat to become the next big thing in crypto sports betting. The Belizean company has created its own cryptocurrency designed to power an online betting platform that is anonymous, trustless and decentralized.

Kenyan betting site SportPesa threatened to end all sponsorships with local football leagues and clubs last June if a new gambling tax was imposed on gambling firms. That tax was approved anyways and the news today is SportPesa has indeed followed through on its threat.

If something sounds too good to be true, it probably is. That’s the cautionary statement to keep in mind as we discuss a questionable bitcoin eSports betting investment website that is currently making the rounds online.  We remind our readers to stick with bitcoin betting sites you can trust as reccomended by OBS to avoid…

Last month, the UK Gambling Commission unveiled its strategy for fairer and safer gambling for 2018 to 2021. We’re a little late on the take here, but this is a long-term strategy vision and it will be valid for years to come.

Reuters broke news earlier today that GVC Holdings and the Ladbrokes Coral Group are in the final stages of merger discussions and could formally announce a deal by Friday. If the deal does go through, the new entity would likely take over as the largest online betting firm in the world.