..

STS Completes Betsys Acquisition, BetFred Hopeful re USA Sports Betting in '20

Written by:
Gilbert Horowitz
Published on:
Jul/07/2020

Polish bookmaker STS has completed the acquisition of Czech betting software provider Betsys, in a deal it said will support its ongoing European expansion plans.

Under the agreement, the terms of which were not disclosed, STS will take full ownership of Betsys, a software business in which it was already the majority shareholder.

It acquired a 50% stake in the supplier's parent company Greep in April 2017.

Bryan Bennett, COO of Betfred USA Sports, told SBC that 2020 can still be a good year for sports betting if major sports return, and that cashless casinos are an innovation that he’s keeping an eye on.

Regarding the impact of COVID-19?

"Don’t panic, keep your eye on the larger prize. 2020 can still be a good year for sports betting if we get all the major sports back as planned for August through October, but we’re really focused on just getting through this year and getting this virus behind us at some point."

- Gilbert Horowitz, Gambling911.com

    Gambling News

    PointsBet to Partner With Denver Nuggets, Colorado Avalanche, More

    Sports Illustrated Gambling has learned exclusively that PointsBet Sportsbook has entered into a multi-year partnership with Kroenke Sports & Entertainment, LLC ("KSE").

    New Gambling Law in the Netherlands Explained

    New Gambling Law in the Netherlands Explained

    From rumors to reality, the law that would legalize online gambling in the Netherlands is finally enacted by the Dutch parliament. The Remote Gambling Decree was presented to the parliament, along with two different letters filled with answers responding to questions that had earlier been raised at the previous parliamentary debates. The major points of discussion were in regards to extending the cooling-off period by six-months and whether or not to prohibit the advertisement of online gambling services. At the end of the day, the cool-off period was extended and the proposed ban on advertising was denied. 

    Are Online Casinos Legal in the Netherlands?

    Are Online Casinos Legal in the Netherlands?

    The much-anticipated new gambling regulation in the Netherlands is changing the scene of online gambling and the gambling industry as a whole. The ministry overseeing the new gambling regulations has announced that the new legislation would transform the Dutch gambling industry. After several years of lurking in the shadows, online casino and gambling vendors are now free to roam and legally promote games to Dutch players. So yeah, online casinos have now been made legal in the Netherlands, but with a lot of rules and guidelines, enough to stifle the joy of the news. 

    When is a Sportsbook is Responsible for Their Faulty Lines, Koepka a Liability

    When is a Sportsbook is Responsible for Their Faulty Lines, Koepka a Liability

    ""At what point does a sports book become responsible for their own errors?"

    Unmasked Man Removed in Handcuffs From Vegas Casino

    Unmasked Man Removed in Handcuffs From Vegas Casino

    Video of a gambler in Las Vegas being cuffed by security for refusing to wear a mask in the 4 Queens Casino has surfaced on The Sun website, not to mention headlining the Drudge Report.

    Syndicate