Acquisition of Betcity by Entain’s Market Leading Platform
Entain plc announced that it accepted to obtain the whole share capital of BetEnt B.V., trades under the name Betcity, from B.V. a Sports Entertainment Media for an initial consideration of €300m together with a deferred contingent consideration of €500m.
Betcity, one of the leading Netherlands sports betting and gaming operators got its online and gaming and sports betting license from the Dutch Gaming and Gambling authority KSA (Kansspelautoriteit).
The newly regulated Netherlands online market is fast growing and attractive in both gaming and sports betting. Since licensing, Betcity has had rapid growth creating a leading position. The acquisition will build a strong market operator with significant opportunities and growth.
The grouping of combine Betcity’s Local expertise, diverse user base and strong brand together with Entain’s market leading platform and Entain’s global scale platform will offer customers a broader offering of fresh content, engaging content, and novel experiences expanding customer offering.
Structure of consideration
- Initial consideration of €300m payable in cash at completion, with balancing payment to be paid in early 2023 depending on the actual performance of Betcity in the financial year of 2022;
- In 2024, a further contingent payment will be paid depending on 10X EBITDA of the betcity financial year 2023, minus the amount paid.
- Finally, a final contingent payment will be made of €50m on successful migration of the entain platform and delivery of synergies.
On current expectations, the total consideration payable is €450. But depending on Betcity’s offering, the maximum consideration is narrowed to €850m.
This acquisition is expected to be completed during H2 2022.
Betcity is one of the leading Dutch operators for casino games and online sports betting. It provides a huge variety of products such as live games, slot games, and sports betting. Furthermore, Betcity is among the sportsbooks to get into the newly regulated Dutch market. It was able to do this because of support from the Industry leading partners such as Pragmatic, evolution Oryx, Kambi, and Stake logic.
Having a strong market campaign, betcity was in a position to secure a strong market position in the Dutch market. Besides this betcity marketing team adapts to bettors preferences and market conditions, providing players with a safe environment to play.
Overview of Betcity
Betcity, began its offline activities in 2003. It then received its license 8048JAZ/2013-004 from Curacao gambling authorities and began its operation in providing international online services in 2013.
The table below will help you understand the basic idea of Betcity’s key features and functions.
Depositing at Betcity
Betcity India offers the most convenient methods, such as online bank transfers, mobile commerce, and e-wallets. Some of the standard deposit methods comprise;
- Banks of India
At Betcity the minimum amount for deposit is INR 100 and goes up to INR 500 for Mastercard and Visa. The maximum amount is up to INR 200,000, proceed through banks in India, or hastens deposits through UPI with amounts up to INR 100,000.
Making a deposit in Betcity India
Here is a step-by-step guide on how to make a deposit on Betcity India
- Sign in to your Betcity account
- Select deposit in the account history
- Select your preferred deposit method
- Key in the amount that you would like to deposit into your Betcity account
- Tap deposit
Once you have made your deposit, you can place your wagers on your preferred games.
Withdrawing Winnings at Betcity
Different from deposits, withdrawals require time for Betcity review and approval. For instance, the approval process for such a transaction sometimes takes up to 72 hours. Some of the withdrawal options comprise;
- Perfect Money
How to withdraw winning from Betcity
Withdrawing money from Betcity is straightforward. Here is a guide on how to
- Launch the betcity website
- Click the withdrawal tab at the top left corner of the site
- Select the withdrawal option that you want to withdraw your funds with
- Enter the amount you wish to withdraw
- Hit the withdrawal button
Table showing minimum payment method, minimum withdrawal, and time
|Payment Method||Minimum Withdrawal||Withdrawal Time|
|Bank card (Visa & Mastercard)||£10||1-3 business days|
You can access the Betcity online sportsbook on any digital device; PC, iPhone, and Android. When it comes to giving players a seamless experience, Betcity is the best of its Kind as it encourages responsible gaming. Betcity stays on top due to particular modifications that have been made.
- Variety of language. Because of the global use of Betcity platform, the webpage was made inclusive and diverse for all users. Because of this, translation for different languages was devised to suit the diversity.
- Quick-to-respond betcity team. From time to time, sports bettors require assistance when they are unable to solve certain problems. Luckily, Betcity online sportsbook has made accessibility relatively easy with just a text away. This ensures that bettors are certain about the safety and a person to report when there are issues.
- Fast-paced live events. Sports bettors can keep track of live events that can have a direct influence on the stake they have wager on each game. This helps in improving the overall betting experience.
Betcity puts much focus on Indian bettor’s real money wagers and thus provides a number of odds on players’ markets, Handicaps, Totals, and Compounds. The specific markets offer;
- The possibility of wagering on the first event in the match
- The possibility of wagering on the scoring of a particular player
- Possibility to bet on rare decisions of the referees.
The other traditional sports to bet on comprise;
- Ice Hockey;
- Basketball, etc.
- Table tennis
- American football
The Betcity platform offers players the opportunity to enjoy live betting services. You can access live bets on games such as baseball, basketball, football, and other sports. In addition, bettors can live stream on events they choose to place bets on.
Betcity sportsbook allows players to place bets on eSports. Some of the esports players can enjoy playing include.
- Call of Duty
- Clash Royale
On the Betcity online sportsbook, players are in a position to bet using a number of betting odds. The odds format present constitutes;
- American odds;
- Decimal odds
- Fractional odds
With the highlighted pointers above about Betcity sports, there is no doubt that players can have a seamless experience when using this platform to place their bets. Use Betcity to place bets on your preferred sports, and you are assured of great odds, a variety of markets to place bets on, and an immersive experience.
At the moment, there is no full-fledged Betcity casino. However, you can enjoy the unique TV Games where you can actually bet on the outcomes of the casino games that are airing live. This section features classic titles that combine the mechanics of gambling and sports betting. You can watch live streams of cards or roulette games and make bets. By predicting what pocket the ball will land or what combination the dealer will draw.
Bonuses and Promotions of Betcity Sports Betting
Betcity welcome bonus
After registration, new players qualify for a $30 Betcity bonus. This is available for first-time players only and cannot be gotten by usual players.
Betcity promo codes
Promo codes are free and usually help bettors stand a chance to win coupons. Promo codes and discounts help you save more. To access the promo code, click on the promo code after stakes have been placed.
Promotions of Betcity
The Betcity online sportsbook website offers customers a list of promotions to be enjoyed after registration. Some of these promotions comprise;
- $30 for players who are new. Every new player is eligible for a $ 30 bonus; this is only open to new players. A player must register and deposit $3 or more, make bets by promo terms, and claim the bonus.
Sports Bonuses For Casino Games
If you are looking for extra funds for sports betting, you are in great luck as betcity offers numerous sports bonuses.
- First deposit bonus
Most betting sites give punters bonuses, and Betcity is not an exception. Although most companies need to find a code to find a given gift at betcity you do not require any added points. New players receive a betcity bonus of INR 2000. However, to acquire it, you must deposit at least INR 200. Bear in mind that the bonus does not appear immediately; you need to place specific bets.
- Cashback for unsuccessful bets
As a player you can get a cashback for failed bets. To get this, you require no Betcity deposit bonus. The most crucial thing here is your bets, for instance;
- A cashback of 5 percent for indian Rupees 105k to Indian Rupees 314K
- A cashback of 7 percent for Indian Rupees 315 to Indian Rupees 523K
- A cashback of 10 percent for Indian Rupees 524K and more.
- 5 Percent on express betting
Players who think you need Betcity bonus code to increase your Betcity bonus account will be amazed if they realize you can profit every time you win an express bet. However, you might wait for betcity to introduce betcity no deposit bonus or devote your time finding valuable bonus codes for Betcity.
While someone else does this, you take action, deposit some amount to claim your welcome bonus, and try express bets to get 5% of the winning each time. Which is a combination of a number of single bets. Avoid light and ghostly opportunities. Begin your betting journey by taking small risks, and you are confident you will profit faster.
Betcity has a Vip program where you can wager more money if you opt for the VIP option. The corporation decides on whether or not to accept such a wager.
Bet redemption refers to the ability to withdraw the number of profits from a bet at any point prior to determining a betting outcome. This feature is accessible for in-game and pre-event bets.
Registration at Betcity
Registering at betcity is straightforward as the registration process is not lengthy. You register fast in minutes by following this quick step-by-step guide.
- Go to the bookie’s site and tap the green register button on the top right.
- Create your Betcity login and password.
- Select your preferred currency (INR is accepted). It will be impossible to change it later on.
- Choose your country (India) and enter a valid email address (you need it for verification).
- Provide your phone number and accept the terms and conditions. Confirm that you are not a robot and tap ‘Register.’
After completion, you will receive a verification letter in your email.
Betcity App – Playing on Mobile
The Betcity app is available for both IOS and Android mobile device. You can download both of the applications from the bookmaker’s main page. To get the Betcity app APK, you’ll need to download it from the site while the IOS app is on the App store.
App for android devices
Betcity app for Android allows users to place bets fast, calculate potential winnings and enable push notifications about the match results. Additionally, it shows the exact time zone and indicates the schedule of all upcoming games.
If you want to bet without any issues, you need to match the system requirements of the Betcity app.
|Version of mobile||Android 5.0+|
|Free Storage space||100 Mb|
Downloading Betcity Android App
- Ensure that your device allows installation from third-party software. To allows this, go to Settings > security > unknown sources;
- Using your device, go to the main page of the Bookie
- Launch the menu tab in the top left corner, click information, and go to apps Betcity
- Go to the Betcity – android section, scroll and download Betcity Android App
- Wait a few seconds for the Betcity APK download to complete, and begin the installation.
App for iPad and iPhone
When using the Betcity app on your IOS device, the interface adapts to the screen size of a specific device. Other than this, you can access your betting history or contact customer support in just a few clicks.
Some of the specifications of for betcity app for IOS users comprise;
|Version of device||IOS 8.0 or above|
|Free Storage space||100 Mb|
Downloading IOS app
To enjoy the Betcity app for android, here are a few steps to follow.
- Go to Betcity main site using your iPad or iPhone;
- Launch the Menu tab, click on information, and head to Apps – Betcity;
- On the Betcity IOS section, scroll down and click Download Betcity-IOS on the Apple App Store.
Betcity mobile website
Players who do not have a Betcity mobile application, the mobile version of the site is the best option for these customers. By pressing the appropriate transition function on the standard website, you can reduce the size of the website to fit the size of your display. Furthermore, clients should not worry about the security of their data. This is because it supports 128-bit encryption of each customer data and actions, restricting access to all employees except those authorized to work with the data.
Security and Trustworthiness of Betcity
Is bet city legal? Yes, the bookmaker is licensed and registered by Curacao, which confirms the platform’s legality. Thanks to 256-bit SSL encryption, your information stays safe during financial transactions. A solid firewall secures the website, and the operators guarantee it won’t share the information you provide with third parties.
Betcity Customer Support
If you are having any problems, there are many ways that you can contact Betcity for assistance. Several features on the website allow you to contact them around the clock.
Email: [email protected]
The support team normally gets in touch within 24 hours, and thus it is not hard to get in touch with them. In addition, the feedback form is always available on Betcity India, where you can describe your problem in detail in the categories of Sport, Financial, technical, and other issues.
Top 5 Reasons to Join Betcity
Among the Advantages that make Betcity the best online sports betting platform include;
The best thing about the Betcity India site is that the site is Unobtrusive. This allows players to bet on sports without getting any distraction from irrelevant things. Betcity portal is clear, and the filters are visible. In addition, the site has a statistics section that shows the number of bets made and the results. Last but not least, the site supports numerous languages.
Registration and Verification
The registration process at Betcity is pretty easy. All you need is to fill in the required fields correctly and truthfully to ensure that you do not experience hiccups in the future. You can register an account with either your phone or email. Register with an email that you can verify with ease. Apart from that, make sure that you provide all the personal information necessary for further operations with the bookmaker.
Betcity offers excellent customer service, making it a customer focused platform. Getting advice on any issues or difficulties that a bettor may be experiencing is possible. The technical support at betcity works 24/7 and responds fast to issues. You can contact the specialist and talk to them via mail, phone, or live chat. You can also contact them through instant social networks or instant messengers.
Cashback for Active Players
Betcity offers a sweet cashback for the lost bets to its active players. The amount of money the company returns depends on how much you deposit and lose. You can get 5%, 7%, or 10% of your bet back. Cashback only aapplies to all kinds of bets, excluding those made with bonus cash.
Reliable and Secure
Another main advantage of Betcity is that it is a safe site for bettors. Thanks to its 256- bit SSL encryption, you are guaranteed your data and financial transactions stay safe. Furthermore, the casino is licensed by Curacao, which assures the site’s legality. Place your bets at Betcity, and you are assured of reliability and safety.