Sportingbet Gets Barclay Capital's 'Best' Rating

Published Tuesday, April 06, 2010 - Online-Casinos.com

Barclays Capital is a leading global British investment bank, with 23,000 employees. The bank has a balance sheet of over £1.2 trillion, with a net income of $10.334 billion. In a recent equity research report for the internet gaming sector, Barclays Capital found that Sportingbet was "best-in-class sports betting system giving it the highest gross win margins in the online gambling industry." Good news for the punter that has the choice as to which casinos or sports book to use when making a bet. In this case Barclays Capital is convinced the best payout percentage with Sportingbet's win margins averaging over 9% over the past four years and, more recently,10% or more. It adds that Bwin's win margins were only about 8% and Party Gaming's as low as 5.5%. The report concluded that in-running now accounts for over 50% of Sportingbet's European sports betting, with an achievable margin of 8-10%. The Sportingbet site runs on the GTECH G2 MarginMaker platform. The Business Development Director of Sportingbet, Simon Gregory, says, "In particular, the automated set up features for in-running betting has enabled Sportingbet to drive this part of our business to over 75% of bets in some sports, meeting consumer demand and producing exceptional returns". SportingBet started using MarginMaker when it was just getting started and now the customised GTECH G2 platform, "allows Sportingbet to exploit the markets to their full potential" Gregory added.

Chief Technology Officer of GTECH G2, Predrag Popovic, commented "Sportingbet are one of our oldest customers and they have worked closely with us and invested in continuously evolving the platform. We are delighted that this commitment has been reflected in independently benchmarked commercial success." Sportingbet has recently renewed its agreements with GTECH G2 for the next three years, including all poker, casino and game products plus a new G2 bingo offering.

Related news

Return to Latest News