Samvo Group
Samvo Group (2004 — 2017) specialized in program trading, bookmaking, sports betting brokerage services, betting cafés, igaming and peer-to-peer gaming. Samvo Group had offices located in London, Guernsey and Hong Kong.
History[edit]
Founded in 2004 by Frank Chan, the company originally began as a telephone bookmaking operator and grew to offer online sports betting, casino and poker products.[1] With headquarters in London and offering competitive prices on their Asian Handicap market, Samvo offered a blend of Asian and European betting styles.[2]
In 2005, the company launched its first online portal, SamvoBetBroker.com, a sports betting brokerage for both clients and professional betting syndicates.[3] In 2006, Samvo Group began development of quantitative models and automated trading, which was developed in 2008, followed by the launch of a semi-automated trading platform in 2009.[4] The automated trading system combined Samvo Group's brokerage, bookmaking and program trading operations into one exchange.
In 2014 Samvo Group launched its automated betting portal, Samvo Bethub.
Licenses[edit]
Samvo Group held gaming licenses in the United Kingdom, Curacao and Alderney.[5] Samvo also held licenses with the United Kingdom Gambling Commission (UKGC) and the Curacao Gaming Commission.[6]
References[edit]
- ^ "Samvo Group and Electracade at Odds with Games". Online Casino City. 5 June 2006. Retrieved 4 October 2011.
- ^ "UK Sports Betting Broker Joins Samvo in Asia". Asian Football Business Review. 17 November 2006. Retrieved 4 October 2011.
- ^ The BetSafe Group was acquired in 2011 by Swedish company Betsson AB We’re going to take an inside look at all of the company’s offerings – the good and bad – to see what you’ll be able to bet on.
- ^ "Betbrokers enters Asian market through agreement with Samvo". Investegate. 15 November 2006. Retrieved 4 October 2011.
- ^ "eGambling Licensees". gamblingcontrol.org. Retrieved 4 October 2011.
- ^ "List Company Samvo". List Company. Retrieved 4 October 2011.