Introduction
The Curaçao eGaming License has granted permission to 1xBet to operate online. Incorporated in Cyprus in 2007, it was created. As a result of their significant expansion in 2019, they briefly sponsored Liverpool FC and Chelsea FC. A franchise business model is used by the organization.
Company Highlights
| Company Name | 1xbet |
| Headquarter | Limassol, Cyprus |
| Industry | Betting |
| Founded | 2007 |
| Founder | Sergey Karshkov, Roman Semiokhin and Dmitry Kazorin |
| Website | https://india-1xbet.com/ |
1xbet – About
The company 1xBet offers online sports betting. Additionally, it offers you the ability to communicate with other fans on our forum and get advice and pointers from professionals. They take bets on a range of sports, including “Psychic Challenge,” among other TV shows, football, ice hockey, biathlon, baseball, boxing, table tennis, snooker, cycling, and water polo. Live betting and in-play betting are both offered. Over 400,000 people are online, and there are over 1,000 events every day. Additionally, they host the “1xBet Cup,” an annual competition for the most active online players. This website features a video channel where users can access post-match commentary as well as video previews of the most intriguing forthcoming events. Numerous betting possibilities are available, including European handicap, correct score, run of play, over/under, head-to-head, team-to-score first, and more. Despite being established in 1997, the company only launched online in 2011.
Industry
A website for sports betting is called 1XBET. Although the company’s ownership details are private, it is known that Exinvest Limited operates it and that its headquarters are in Cyprus. Although the specific ownership structure of the business is unknown, it is assumed to be privately held.
Founder and Team
The company 1xbet was founded by Sergey Karshkov, Roman Semiokhin, and Dmitry Kazorin. In 2007, it was established.
(Founder)
1xbet – Startup Story
1xBet has been conducting business in the Indian market ever since the company was founded in 2007. In 2018, it formed alliances with the African Confederation of Football and the Nigerian Football Federation. It later received a national license for Nigeria in January 2022 and grew its business there.
A number of new online slot and video bingo games were added to the 1xBet portfolio as a result of an agreement the firm had inked with MGA Games in 2019. Following the company’s receipt of an operational license, it announced in March 2020 that it would be entering the Mexican market. The business also declared its intention to concentrate on the esports betting market in the Latin American nation.
By establishing a partnership agreement with the Chilean football championship in March 2022, 1xBet entered the Chilean market. The company will participate in all 138 games for the 2022 season.
It stated in August 2022 that, as part of its expansion strategy, the business had entered into a collaboration agreement with regional Latin American payment company PayRetailers. As a result of their relationship, the companies implemented a payment plan specifically for the Latin American market. An operating agreement between 1xBet and DS Virtual Gaming was signed in August 2022. (DS VG). With the addition of DS VG’s virtual games, including RacingDogs, RacingHorses, and Roulette, it was able to increase its selection of virtual sports.
Mission and Vision
No specifics are available. However, 1xBet is an online gaming business that holds a Curaçao eGaming License. It was established in 2007 and is headquartered in Cyprus. They significantly expanded in 2019 and briefly sponsored Chelsea FC and Liverpool FC.
Name, Tagline, and Logo
Business Model
Even newcomers will quickly become accustomed to the interface because the 1XBET website’s design is standard for online sports betting services. There are several options available to you on the site, including the casino and bingo, which we’ll cover in more detail shortly. The top-level menu is followed by a link to the sportsbook and a list of the live sports betting markets that are currently accessible.
When you first enter the sportsbook, you will find a long list of sports that are open for gambling on the left side of the screen. All of the active in-play betting markets are shown in the screen’s center, and you may make a wager on your betting slip with just one click.
The 1XBET website will be easy for you to navigate, even if you are new to online betting. Continue reading to learn more about 1XBET, read our in-depth evaluation of the site, and discover the details of a 2020 promo code for 1XBET.
Sports betting markets are plentiful at it, so if you can’t find what you’re looking for there, you probably won’t find it anywhere. Football, ice hockey, basketball, and tennis are the most popular sports to bet on, but there are many others. Just have a look at the menu on the left side of the page.
Revenue Model
They gain money, according to numerous online sources, through Paid Subscriptions. Margin charges.
Products and Services
On special tournaments, 1xBet offers a variety of other markets, including European Handicap, Correct Score, Run of Play, Over/Under, Team to Score First, and more. We also have a wide variety of markets for international matches at the club and national levels.
We always provide head-to-head wagers on two chosen athletes in individual sports like cycling, golf, athletics, skiing, etc., in addition to outright wagers. OnexBet offers many bet kinds, including single, accumulator, system, and chain bets.
Funding and Investors
- Over the course of 155 investment rounds with 279 investors, 1xBet and its rivals have together raised more than $1.18B in funding.
- In the overall competition set, there are 90 acquired companies and 9 publicly traded ones.
- William Hill, Betfair Group, and bet365 are the primary donors.
Employees
There are no specifics provided, although it appears to employ 51 to 200 people.
Challenges Faced:
There are no specifics, although, at the time, it was in the news for controversy. The UK Gambling Commission (UKGC) revoked 1xBet’s license in 2019 following an investigation by The Sunday Times that revealed the company had promoted a “pornhub casino,” placed bets on children’s sports, and advertised on illicit websites. The Federal Tax Service and the payment processor’s blacklist for Russia both mention 1xBet.
Acquisitions
It stated in August 2022 that, as part of its expansion strategy, the business had entered into a collaboration agreement with regional Latin American payment company PayRetailers.
Growth
With more than 14 years of expertise in the industry, 1XBET is a prominent global gaming and technology organization. With locations across Europe, Asia, and Latin America and more than 5,000 specialists working there, it is one of the betting industry’s fastest-growing organizations.
It offers the most markets in pre-match and live odds, as well as a diverse selection of online slots, live casino games, and table games, giving gamers the most entertainment options. Being a digital-first company, 1XBET accepts more than 250 different payment methods from around the globe and provides 24/7 customer service in 30 different languages.
Partners
There are no details of it.
Competitors
FDJ, Evolution Robotics, William Hill, Superbet, and Nederlandse Loterij are among 1xBet’s biggest rivals.
Awards and Achievements
It received the SiGMA Americas Awards’ “Sportsbook Operator of the Year” honor in June 2023.
Future Plan
There are currently no specifics regarding a potential expansion.
Conclusion
A reputable online sports betting business with a sizable global presence is 1xBet. Since its founding in 2007, it has expanded noticeably into a number of markets, including Chile, Mexico, and Nigeria. With more than 400,000 online customers, the firm provides a large selection of sports betting options and casino games. However, it has run into problems, such as when its UK license was revoked because of offensive advertising and content. Despite difficulties, 1xBet continues to be a significant force in the gambling business, growing its scope and winning awards like the “Sportsbook Operator of the Year” award in 2023. Details and future plans have not yet been made public.
FAQs
What does 1xbet do?
An online sports betting business is called 1xBet. Additionally, it offers the possibility to interact with other fans on our forum and to get professional counsel and recommendations.
When was 1xbet founded?
In 2007, it was established.
Who is the founder of 1xbet Corporation?
The company was founded by Dmitry Kazorin, Roman Semiokhin, and Sergey Karshkov.
Who is the CEO of 1xbet Corporation?
The CEOs are Evgeniy Kiriushin and Alexandr Thikonov.
Who are the main competitors of 1xbet?
Superbet, FDJ, William Hill, Evolution Robotics, and Nederlandse Loterij are among 1xBet’s biggest rivals.
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Disclaimer -We have collected this information from our direct sources, various trustworthy sources on the internet and the facts have been checked manually and verified by our in-house team.