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Record-breaking Cheltenham for Smarkets

George Miller

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Record-breaking Cheltenham for Smarkets
Reading Time: 2 minutes

 

Please find below a quick round-up of stats from the Smarkets exchange following last week’s Cheltenham Festival

 

Key stats

  • Trading volume across all Cheltenham markets of £151m, an increase of 10% on 2018.
  • A new all-time Smarkets record for concurrent logged-in users (just after the Festival’s first race), up 20% on previous high.
  • The site performed well with 100% uptime during the Festival.
  • Smarkets was best priced on all 28 races when compared with the Industry Starting Price (SP).
  • In fact, Smarkets prices just before the races started were, on average, over 100% better than the SP, meaning a £10 stake on all winners would have made you £3,580 more than if you’d placed your bets with the bookies.
  • Active users on the Smarkets app increased by 136% when compared with Cheltenham last year.
  • The Smarkets app is the highest-rated betting exchange app on iOS (4.8*) and Android (4.6*). On both platforms, it is the #2 rated betting app.

Smarkets CEO/Founder Jason Trost said:

“Once again the Smarkets platform performed extremely well during Cheltenham week, a time in which we experienced record-breaking numbers for concurrent logged-in users on the site and app.

“I’m immensely proud of the service we are able to provide with such a nimble team compared to the wider industry. It’s weeks like this that prove just what a good product we have built in-house; one that is ready to continue taking market share from the legacy operators.”

 

About Smarkets:

Smarkets was launched in 2010 and is one of the world’s leading betting exchanges, making trading on events secure, efficient and exciting. Headquartered in London, with offices in Los Angeles and Malta, the company was founded by a team of finance and software engineering professionals and is backed by Passion Capital and Deutsche Telekom. The Smarkets exchange has processed over £10 billion worth of transactions for customers across the company’s licensed and regulated markets. The Smarkets group comprises of Smarkets Limited, a software development company, Smarkets Malta, operator of the Smarkets betting exchange, and Hanson Applied Sciences, a liquidity provider. For more information, visit smarkets.com.

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Gambling in the USA

Delaware North Sues Miomni Gaming Over Fraudulent Claims

Niji Narayan

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Delaware North Sues Miomni Gaming Over Fraudulent Claims
Photo Source: hhlarchitects.com
Reading Time: 1 minute

 

Delaware North, the US based casino operator, has filed a lawsuit against its sports betting joint venture partner Miomni Gaming.

The operator is seeking monetary damages through the suit filed in the Chancery Court of Delaware, including Miomni’s 49% stake in the BetLucky joint venture, which the supplier is apparently refusing to give up. The joint venture was made to launch the BetLucky sports betting platform. Delaware North then terminated the contract earlier this month.

The operator claims Miomni made fraudulent claims to induce it to enter into a joint venture, as well as of wilfully breaching a limited liability company agreement governing the operation of BetLucky.

Delaware North claims that Miomni and chief executive Venner repeatedly claimed to own intellectual property rights to the platform, including the source code for the front end and back end of the platform.

 

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Central Europe

Superbet Submits Application for Online Betting License in Poland

Niji Narayan

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Superbet Submits Application for Online Betting License in Poland
Photo Source: picswe.com
Reading Time: 1 minute

 

Last week, the Romanian gambling giant Superbet submitted an application to the Polish  Ministry of Finance for a license to organise bookmaker bets via the Internet.

Superbet has been running bookmaking activities in Poland since 2017. The betting shops of the bookmaker stand at a very high level, but everyone knows that the real strength lies in online betting. It remains to be hoped that “online” will look just as good.

Everything seems to indicate that after several months of expectations, Superbet will launch online sales in Poland. The platform has been adapted to the requirements of the Polish regulator and if everything goes as planned, the company will offer its services online at the end of the year.

 

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Latest News

Red Rake Gaming travels to the Silk Road with Marco Polo in a new release full of excitement and adventure

George Miller

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Red Rake Gaming travels to the Silk Road with Marco Polo in a new release full of excitement and adventure
Reading Time: 1 minute

 

Innovative casino gaming provider Red Rake Gaming has just launched a new 5×3 reel videoslot that takes players on a journey through Europe and Asia with Marco Polo.

Starting in Venice, Marco Polo’s hometown, the players must reach the free spin feature in order to begin the journey along the Silk Road and increase their winnings.

Powerful Yin Yang symbols lead the player to an interesting choice: choose between a direct win awarded by an exciting abacus or direct entry to the free spins feature. The Marco Polo symbol is also Wild and replaces all the symbols including Yin Yang, which gives the player many more chances to win.

Within the free spin feature is where the player begins to travel across the map getting more spins and new multipliers.

An interesting videoslot with a very careful design that will be presented together with the most outstanding Red Rake Gaming games at the G2E Asia trade fair (Stand D1829) from the 21st to the 23rd of May, 2019.

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