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INTERNET | Internet Software & Services / Gambling
openbet.com

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Founded Year

1996

Stage

Acquired - III | Acquired

Valuation

$0000 

About OpenBet

OpenBet specializes in omnichannel sports betting and gaming technology solutions for regulated markets.On September 27th, 2021, OpenBet was acquired by Endeavor at a valuation of $1.2 billion.

OpenBet Headquarter Location

Fourth Floor, Building 9, Chiswick Park 566 Chiswick High Road

London, England, W4 5XT,

United Kingdom

+44 (0) 20 8742 1600

Latest OpenBet News

Australia – OpenBet sees record betting volume during Melbourne Cup

Nov 4, 2021

By Phil - 4 November 2021 OpenBet has once again proved itself as the trusted partner to sports betting operators with another unbeatable performance at the 2021 Melbourne Cup Festival. The Melbourne Cup is an important fixture in Australia’s sporting calendar and considered one of the most exciting forms of sports betting entertainment in the region. The famous annual thoroughbred horse race was this year won by New Zealand mare Verry Elleegant ahead of short-priced favorite Incentivise. OpenBet’s robust and scalable platform technology was pivotal in processing a significant increase in betting activity ahead of the prestigious race for the company’s sports betting operator partners, which includes Flutter Entertainment’s Australian brand Sportsbet and New Zealand’s racing board TAB. The world’s leading sports betting technology company processed a peak of over 65,000 bets per minute during the 2021 Melbourne Cup – a new record driven by its transformed modern technology and trusted betting platform. Building on the year’s key sporting events including the Super Bowl where OpenBet has provided seamless, entertaining betting experiences for players, the Melbourne Cup performance showcases the power and scale that the technology offers in partnership with its operators. The proven tech stack continues to ensure its partners can manage the heightened spikes of traffic during peak times of the world’s most popular sporting events. Jordan Levin, CEO of OpenBet, said: “Processing a peak of over 65,000 bets per minute is a phenomenal achievement and simply cannot be matched by anyone else in the sports betting entertainment industry. It illustrates the sheer scale of our platform technology and our ability to seamlessly manage exponential demands during the busiest periods around key sports betting events.“The Melbourne Cup generates huge engagement for our Australasian operator customers and this year was no different. The OpenBet team is honoured to have played such an important role in facilitating a safe and responsible sports betting experience for thousands of bettors across the region.” Share via:

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Expert Collections containing OpenBet

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

OpenBet is included in 1 Expert Collection, including Gaming.

G

Gaming

4,659 items

Gaming companies are defined as those developing technologies for the PC, console, mobile, and/or AR/VR video gaming market.

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