Panama City-Based BetOnline Takes Over SportsBetting Brand

The new shareholders guarantee past and future payouts from the acquired website BetOnline, Panama City-based internet gambling company, announced take-over of the controlling stake in SportsBetting, though the investors remain unidentified. With the latest ownership change, SportsBetting will receive improved software from DGS and ASI, as well as quicker pay-outs, enhanced promos and refreshed layout. "The new shareholders unconditionally guarantee past and future payouts from SportsBetting,” a BetOnline spokesperson said this week, adding the considerable backlog of pending pay-outs, and obligatory fraud checks, could slow down the process to some extent. "Once the backlog is complete, clients will experience drastically improved payouts thanks in part to upgraded payment options, including same day options,” the company spokesman explained. As per the announcement, SportsBetting will continue doing business as a standalone brand under its new ownership offering sports digital casino, poker and live casino, in addition to wagering and horse betting.