The Gibraltar-based renowned sports betting and online casino operator, BetVictor, has rebranded its corporate identity as BV Group, according to a source. The company has reportedly adjusted its logo and website to the BV Group brand name and continues the operations with the refreshed image.
Rebranding As a Natural Step Up:
The same source reports that BV Group considered rebranding the natural merge of multiple company’s verticals, such as gaming operators and B2B technology solution providers, under the joint governance which will represent the acknowledgement of the BetVictor’s past achievements and set the grounds for the further growth of the group.
Such achievements are hard to measure as the company started its sports betting operations more than 75 years ago to remain an inevitable part of the industry in the jurisdiction to date. The rebranding has come as a natural adjustment to the growing market requirements and a way to refresh the company’s image and expand the customer base.
Building New Legacy:
BVGroup will keep providing the proven end-to-end technology solutions to operators and developers and remain focused on long-term partnership, which is the legacy inherited from the original company’s strategy, as the source reports.
Andreas Meinrad, CEO of BVGroup, reportedly stated: “During our 75+ years in business, we have established ourselves as one of the most reputable gambling companies in the world. Our new identity, BVGroup, helps us define ourselves more effectively, highlighting how far the company has come from its bookmaker beginnings. On LinkedIn, the UK-founded group lauded the new corporate identity ‘an exciting development in the progress of the company.”
Continued Innovations and Expansions:
BVGroup will also continue to develop technology in its studio for collaboration with a wide array of the the company’s B2B partners, such as Parimatch, Heart Bingo, BildBet, and talk SPORT BET. The group has reportedly entered an official sports betting partnership with the Canadian Elite Basketball League (CEBL) for the 2023 season to top up the recent developments with an expanded presence in Canada.
Meinrad reportedly added: “While we remain intensely proud of our heritage, our focus is always on the future and how we can continue to innovate and grow to best serve our customers and partners. BVGroup is an exciting development in the progress of the company.”
Breaking Ground:
Such an development surely represents a milestone in the company’s operations and the latest Canadian expansion is the first chance to present the new brand name to a wider audience. The partners to the CEBL deal reportedly agree that BVGroup will provide ”a groundbreaking experience” to Canadian players. It means that the deal may break ground for the rapid BVGroup brand development.
The legal status of online casinos in India is complex and varies by state. While there is no federal law that explicitly addresses online gambling, the legality depends on state regulations and the type of gambling involved.
Key Points:
-
No National Law: India does not have a specific national law regulating online casinos. However, the Public Gambling Act of 1867 prohibits operating physical casinos and gambling houses, but it doesn't cover online platforms, leaving a legal grey area for online gambling.
-
State-Specific Laws: Some Indian states, like Goa, Sikkim, and Daman, have legalized land-based casinos, and others, such as Sikkim, have also licensed online gambling. Many states have banned gambling altogether, including online gambling.
-
Online Sports Betting: Betting on sports, particularly cricket, is very popular in India. However, it's only explicitly legal in some states like Sikkim and Nagaland, which have laws permitting online gaming and betting.
-
Legal Gray Area: Many international online casinos accept Indian players and operate legally under licenses from offshore jurisdictions (like Curacao or the UK Gambling Commission). As long as players are gambling on licensed platforms, the risk is minimal, but local authorities may still choose to regulate or restrict online gambling.
-
Cryptocurrency: Some Indian players prefer using cryptocurrencies (like Bitcoin) for online gambling, as it provides a layer of anonymity and security.
While online casinos aren't explicitly legal across all of India, many international casinos accept Indian players, and online gambling continues to grow in popularity. Players should ensure they use licensed platforms and understand local laws before engaging in online gaming.
Leave a Reply
You must be logged in to post a comment.