Tag Archives: Smarkets

Releasing a corporate update, online betting exchange Smarkets governance informed the media of two major announcements. Smarkets, the operator backed by Deutsche Telekom’s venture capital arm T-Venture and Passion Capital, confirms the operator has received a remote gaming license in the Republic of Ireland and plans to build a new headquarters in the City of London area. After the recent changes to …

The brevity of the statement for the proposed merger of Betfair and Paddy Power stood in contrast to the magnitude of the deal. Among the questions left unanswered by the announcement of a gaming and betting giant with combined historic revenues of £1.1bn are what it would mean for the Betfair betting exchange business….Scott Longley examines ________________________ Though it is …

The markets have responded positively to today’s announcement by Paddy Power and Betfair that they are considering a merger. Betfair shares jumped 18%, while Paddy Power’s have increased by more than 15%. In contrast, the share prices of competitors William Hill and Ladbrokes have dropped on the news. Writing in the FT’s Lombard column, Jonathan Guthrie said that the merger …

Online betting exchange Smarkets has announced its first ever football betting partnership with West London football club Queens Park Rangers (QPR), for the 2015/2016 Championship season. Smarkets becomes the ‘super hoops’ Global Betting Partner, with their promoted throughout QPR’s Loftus Road Stadium (capacity 19,000) on match days. Additionally Smarkets have confirmed that their brand will placed on the back of …

Online betting exchange Smarkets has announced that it has doubled profits for the first two quarters of 2015. Following a successful opening to 2015, Smarkets management estimates it will record £6 million in pre-tax profits for its 2015 performance The betting exchange stated that growth had been driven a substantial increase in its trading volume, which had seen its number …

European betting exchange Smarkets has appointed Alexander Wheldon as the company’s first Chief Marketing Officer (CMO). The new role was created to expand on Smarkets’s growth over the past year and support development of its primary UK customer base and help the business enter new markets. Smarkets has grown considerably over the past year, showing 400% YOY growth. With pre-tax …

Betting exchange Smarkets has confirmed that it will fully integrate its ‘instant match’ feature having tested the function in beta Instant Match is Smarkets answer to in-play betting. The feature works by matching bets instantly so that traders never miss a price due to a delay. Competitors, institute a mandatory eight-second delay before matching the bet when in play.Instant Match …

Online betting exchange Smarkets has announced that it has reached its £1 billion trading milestone, aided by wagering recorded during this year’s Cheltenham Festival and Grand National racing events. The operator stated that the £1 billion milestone represented the continued positive momentum of its betting exchange services for the UK market. Further detailing its recent exchange performance, Smarkets noted that …

Smarkets CEO Jason Trost is hoping to carve out more business for his betting exchange by keeping its commission charges low. In an interview with February’s edition of Betting Business interactive, Trost said that sports betting customers will continue to become more informed and more demanding, meaning that the value offered by companies will be crucial towards success. He explained: …

Innovation of igaming’s products lines, value chains and services will be key theme at this year’s EIG Berlin Expo.  Team SBC & EIG caught up with Smarkets Founder & CEO Jason Trost to discuss the values of producing technology in-house, product independence and innovation blocks and factors. Smarkets is an online betting exchange platform challenging the bigger exchanges in the …