Who Owns BetOnline?

BetOnline is undoubtedly one of the most successful and popular sportsbook websites. The company has been going strong since 2001, attaining decades of experience. They’ve been covering all of the most popular sports for years, brought a lot of innovation to the industry, and even doubled as a rather popular online casino. However, the question we have is this: Who owns the company? In this article, we will review BetOnline’s history and answer this question.

The Company’s Founding

BetOnline was founded in 2001. Very quickly, the company grew to prominence, becoming one of the top 60 online sportsbooks by traffic in 2006. BetOnline offers high betting limits, drawing in many risk-takers, high-stake gamblers, and adrenaline chasers for over two decades.

The founder and current CEO of the sportsbook is the entrepreneur and businessman Eddie Robbins III. He currently runs the company alongside his chief operating officer, Marcus Shrestha. BetOnline’s headquarters are in St John’s, Antigua and Barbuda, and the website has received a license from the Panama Gaming Control Board.

The Company’s License

In 2002, Panama’s government passed the Online Gaming Act, making Panama a licensing jurisdiction. The Panama Gaming Control Board is the main body responsible for licensing casinos operating abroad.

Panama is a rather attractive place to establish an online casino due to its gambling-friendly economy and minimal governmental interference. However, the Panama Gaming Control Board license is sadly not worth much. It is often associated with both excellent and poorly regulated casinos. So, if you see the PGCB license, you should delve deeper into the casino/sportsbook track record.

BetOnline has proven to be a rather trustworthy website. Although, there is a controversy that you should know about before you drop your anchor at their proverbial dock.

The BlackJack Scandal

In 2017, one of BetOnline’s live blackjack dealers got caught attempting to trick the audience on camera. The dealer switched out cards mid-deal to ensure the players lost the hand. Numerous players lost money and were naturally angered when they learned the truth.

It is worth noting that BetOnline does not provide dealers for their “Live Casino.” They had established a partnership with a dealing vendor company called Global Gaming Labs, who were the ones to send in the dealer. After the controversy, BetOnline ended its collaboration with GGL and formed a relationship with Visionary iGaming. Since then, a similar controversy has not happened.

The Innovation

Aside from the Live Blackjack scandal, BetOnline has had a rather stellar career under Robbins’s and Shrestha’s leadership. They offer excellent odds for the most popular sports competitions in the USA. They offer some of the best odds on NFL, NHL, NBA, MLB, MLS, and various other sports matches. But, their most significant success and notable innovation are the Mount Everest expedition.

In 2009, the BetOnline leadership decided they wanted their bookies to be the first to accept a bet from the summit of Mount Everest. They hired a veteran climber to accomplish their task and promised to donate $20,000 if their expedition succeeded.

Sadly, Tim Rippel, the climber they hired, did not reach the peak. However, he did place a bet on Base Camp 4. At that point, BetOnline became the first website to receive a chance from 26,000 ft. above sea level. And though their expedition failed, the company donated $20,000 across three charities.

Is BetOnline Safe?

So, we’ve looked over the history of BetOnline and the owners in charge of the website right now. All of this leaves only one question to answer. Is BetOnline safe? If you are interested in the answer, Joseph Falchetti talks about how safe BetOnline is for US bettors and ultimately concludes that they are one of the safer websites you can choose from.

The website offers excellent odds, fantastic welcome bonuses, and many other promotions. On top of that, they have a massive library of casino games to choose from. So, whether you are a bettor, gambler, or both, you will be fine finding entertainment at BetOnline.

The website also accepts a wide variety of payment methods, including cryptocurrency. Crypto traders can use Bitcoin, Litecoin, or Ethereum to put down a deposit. However, if crypto is not your thing, you can still place bets using bank transfers or credit/debit cards.

Conclusions

We set out to answer the question, “who owns BetOnline?” Eddie Robbins III is the CEO and founder of the company. They built a relatively prosperous and trustworthy gambling company in tandem with COO Marcus Shrestha. For 22 years, they have operated BetOnline, garnering experience and innovating.