BetVictor
 | |
| Company type | Private |
|---|---|
| Industry | Gambling |
| Founded | 1946 |
| Founder | William Chandler |
| Headquarters | |
Key people | Andreas Meinrad (CEO),Victor Chandler(Former Chairman) |
| Products | Sports betting,online casino |
| Website | www |
BetVictor,founded in 1946, is an online gambling company based inGibraltar,owned by British businessman and racehorse ownerMichael Tabor.It provides services such assports bettingandonline casinos.
History[edit]
The company was founded byWilliam Chandler,the proprietor ofWalthamstow Stadium,a greyhound racing track located in theLondon Boroughof Waltham Forest in East London in 1931.[1]Victor Sr. and Jack took over the bookmaking business following William Chandler's passing in 1946. Victor Sr. died unexpectedly in 1974, and his son Victor Jr., who was then employed in the hospitality industry inSpain,assumed control of the business.
In 1998, the headquarters relocated to Gibraltar to avoid the UK’s gambling taxes.[2]Some have suggested[by whom?]that the relocation of BetVictor’s headquarters was a factor in the decision to abolish the gambling tax inGordon Brown's 2001 budget.[3]
The company underwent a rebranding in 2004, changing its name to "VC Bet," but eventually reverted to "Victor Chandler" in late 2008.[4]In 2012, to ensure consistency and recognition across international markets, the company underwent another rebranding and adopted the name "BetVictor".[5]In May 2014,Michael Tabor,a businessman and major shareholder of Victor Chandler International, assumed control of the company.[6]
In September 2021, BetVictor disclosed its collaboration with Quantum Metric, aimed at advancing and enhancing consumer-centric products.[7]
BetVictor business-to-business[edit]
In 2020, German newspaperBILDconfirmed that it had started a cooperation with BetVictor to launchBildBet.[8]Later in 2020, BetVictor made an agreement withParimatchto be theirwhite labelprovider in the UK.[9]On September 9, 2021, BetVictor announced a partnership withGlobal Media & Entertainmentto relaunchHeartBingo,their UK gaming brand.[10]In August 2022, BetVictor partnered withtalkSPORTto launch a new UK sports betting brand,talkSPORT BET.[11]
Regulatory actions[edit]
In February 2022 BetVictor faced a £2 million (€2.4/$2.7 million) regulatory action after theUK Gambling Commissioninvestigation revealedfairness,social responsibility,andanti-money launderingfailures.[12]The operator will pay the money as part of a settlement with the commission, and the settlement money will go to the National Strategy to Reduce Gambling Harms.[13]
In 2023, the UKAdvertising Standards Authorityinvestigated a BetVictorFacebook adfeaturing images ofFC BarcelonaplayersJordi AlbaandSergio Busquets.They ruled that the advert had breached thecode of practiceas it was likely to have a strong appeal to under-18s.[14]
References[edit]
- ^Genders, Roy (1990).NGRC book of Greyhound Racing.Pelham Books Ltd.ISBN0-7207-1804-X.
- ^"Betting on Gibraltar".BBC News.14 May 1999.Retrieved27 May2010.
- ^"UK could become internet gambling leader".Pinsent Masons.Out-Law News. 14 March 2001.Retrieved4 April2023.
- ^"VC Bet reverts back to Victor Chandler".Archived fromthe originalon 6 January 2009.Retrieved22 January2009.
- ^BetVictor."Victor Chandler to Rebrand as BetVictor in the UK".www.prnewswire.com(Press release).Retrieved4 July2022.
- ^"Michael Tabor takes over BetVictor from Chandler | Horse Racing News | Racing Post".23 May 2014. Archived fromthe originalon 23 May 2014.
- ^"BetVictor Partners with Quantum Metric for the next step towards player-centricity".Cision PR Newswire.15 September 2021.Retrieved28 March2022.
- ^"BetVictor and BILD form german power couple with launch of BILDBet".1 January 2020.Wednesday, 1 January 2020
- ^"BetVictor Take Parimatch Under Their Wing For UK Launch".1 August 2020.Saturday, 1 August 2020
- ^"BetVictor Announces Partnership with Heart Bingo".9 September 2021.Wednesday, 9 September 2021
- ^"BetVictor Group Announces Brand Partnership with talkSPORT".11 August 2022.Thursday, 11 August 2022
- ^"Online gambling business faces £2m regulatory action - Gambling Commission".24 February 2022.Retrieved24 February2022.
- ^Barber, Bill (24 February 2022)."BetVictor to pay £2m after Gambling Commission investigation into rule breaches".Racing Post.Retrieved4 April2023.
- ^Clarke, Josie (18 April 2023)."BetVictor ad banned for featuring footballers popular with under-18s".The Independent.Retrieved26 April2023.