SBOBET is an online betting site. SBOBET operates in a large part of Asia and Europe. In Asia, it is licensed by the Philippines whereas in Europe it is licensed by the Isle of Man. It was founded in 2004 as an online gambling site. Online gambling includes all kinds of gambling that takes place on the internet from virtual poker to casinos to sports betting. SBOBET offers to bet on various games and sports including football, cricket, racing, etc. The gambling is conducted online on the SBOBET website. Currently at the time of writing this article Bill Mummery is their Executive Director.
February 2009: on this date, SBOBET was approved to launch a live dealer casino from the Isle of Man island. This helped them increase their popularity in the online casino business
October 2014: On this date, SBOBET partnered with TRADOLOGIC and launched in the financial betting sector.
SBOBET has sponsored many football teams such as West Ham United and Leeds United from the UK, Wexford Youth and Dundalk from Ireland, Athletic from St Patrick, Cardiff City, and also an Indian Team known as ATK Mohun Bagan. They have sponsored these teams in the name SBOTOP.net. There were some concerns raised by some premier league representatives about the youth being exposed to gambling, due to which SBOBET had to replace their logo with Ty Hafan Children’s Hospice. They were also the title sponsors of the first Soccerex Asian forum which was held in Singapore.
SBOBET has quite a few awards in their name. They were awarded “Asian Operator of the Year” for two consecutive years 2009 and 2010 at the annual EGR awards organized by eGaming Review Magazine. They also ranked 11th on the power 50 lists of companies in the 2011 eGaming review ranking of the most influential operators.
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In the year 2009, Novenite and 24 Chasa Daily, two of the news agency from Bulgaria falsely accused SBOBET of fixing a football match between CSKA Sofia and Levski by publishing articles on their platform. Later when the news was found to be false the two agencies apologized for spreading false information and published the correction articles denying their previous claims.
The Singapore parliament in the year 2014 passes the Remote Gambling Bill. This bill banned remote gambling through telephone, internet, radio, or any other remote communication service. The bill applied to everyone from individualgamblersto runners to facilitators and even operators. Since then SBOBET made a policy to not take any bets from such countries where betting is illegal. It has also banned the IP addresses from those countries so that the users cannot sign-up from those countries. It has also closed all the accounts from Singapore that existed before the ban.
Due to these measures taken by them, SBOBET has earned itself a very good reputation internationally, this is also the reason why it has sponsored many popular football teams. SBOBET is continuing to grow and provide a safe space for many online gambling enthusiasts.