Samvo_Group

Samvo Group

Samvo Group

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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

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

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

  1. [1]
    "Samvo Group and Electracade at Odds with Games". Online Casino City. 5 June 2006. Retrieved 4 October 2011.
  2. [2]
    "UK Sports Betting Broker Joins Samvo in Asia". Asian Football Business Review. 17 November 2006. Retrieved 4 October 2011.
  3. [3]
    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.
  4. [4]
    "Betbrokers enters Asian market through agreement with Samvo". Investegate. 15 November 2006. Retrieved 4 October 2011.
  5. [5]
    "eGambling Licensees". gamblingcontrol.org. Retrieved 4 October 2011.
  6. [6]
    "List Company Samvo". List Company. Retrieved 4 October 2011.
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