Manchester City forms deal with online gambling brand Betway
As the Manchester City football club begins its pre-season tour of the United States, a new partnership has been announced… Continue reading Manchester City forms deal with online gambling brand Betway
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As the Manchester City football club begins its pre-season tour of the United States, a new partnership has been announced between the Premier League champions and Betway.
A multi-year collaboration deal was publicized on Friday (July 26) which will see Betway become the club’s official betting partner from the start of the 2024/25 season.
Founded in 2006, Betway is one of the largest online gambling companies. They’re not new to partnering with sports teams either, as they currently have deals with Arsenal, West Ham, Brighton & Hove Albion, Atletico Madrid, and FC Schalke 04.
The brand will be featured across digital platforms inside the home of Manchester City – the Etihad Stadium.
The duo will collaborate on further activations and provide exclusive content opportunities for fans.
The CEO of Betway’s parent company, Super Group, Neal Menashe said: “We are absolutely delighted to become Manchester City’s Official Global Betting Partner. This agreement cements our place in the top tier of Premier League partners, ensuring that our Betway brand reaches fans in all corners of the globe.”
Those on the other side of the agreement are happy too, with the CEO of City Football Group Ferran Soriano having said: “We are pleased to announce Betway as our Official Global Betting Partner today.
“As a globally recognised brand, Betway has a strong pedigree and history of working with high-profile brands within the sports space and we’re excited to work together throughout the partnership.”
Super Group’s and Betway’s US presence to come to an end
The two CEOs sealed the deal by ringing the bell at the New York Stock Exchange on Friday.
While the celebrations were held in the Big Apple, Super Group is winding down its sports betting presence in the U.S. market after struggling to generate enough viable revenue.
Menashe stated: “As a global business, we constantly evaluate the optimal use of our resources across all markets in which we operate. We have recently concluded an extensive review of our U.S. operations and, at present, we do not see a long-term path to profitability for the sportsbook product.”
The company, which also owns online casino brand Spin, said it would be closing its U.S. sportsbook operations in the nine states in which it operates.
Featured Image: Via Wikimedia Commons
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