Colossus Bets
{{short description|UK-based betting company}}
{{Advert|date=January 2022}}
{{use dmy dates|date=February 2021}}
{{Infobox company
| name = Colossus Bets
| logo = File:Colossus_400x400.png
| logo_size = 140px
| industry = Gambling
| founded = {{Start date and age|2013}} in UK
| founder = Bernard Marantelli, Zeljko Ranogajec
| hq_location = London, England
| key_people = David O’Reilly (CEO)
| products = Sports betting, sports technology, pools betting
| website = {{URL|www.colossusbets.com}}
}}
Colossus Bets is a British bookmaker specialising in pools betting. The Colossus Bets is headquartered in London, England, and was founded by former Monsanto PR operative Bernard Marantelli{{Cite web|url=https://powerbase.info/index.php/Bernard_Marantelli|title=Bernard Marantelli - Powerbase}} and Zeljko Ranogajec in 2013.{{Cite web |title=About {{!}} Colossus Bets |url=https://corporate.colossusbets.com/about |access-date=2023-08-10 |website=corporate.colossusbets.com}} The bookmaker currently focuses in pools betting by incorporating modern betting features such as Cash Out and Syndicates, currently holding seven US patents.{{Cite web |last=O'Boyle |first=Daniel |date=2021-12-02 |title=Colossus Bets sues DraftKings over cashout patent infringement |url=https://igamingbusiness.com/legal-compliance/legal/colossusbets-files-us-patent-infringement-lawsuit-against-draftkings/ |access-date=2023-08-10 |website=iGB |language=en-US}} As well as offering lottery-sized jackpots.
History
Colossus Bets was launched in the UK in 2013, initially providing solely football pools.{{Cite web|last=|first=|date=August 17, 2017|title=Courses team up with Colossus Bets to 'transform' pool betting|url=https://www.racingpost.com/news/courses-team-up-with-colossus-bets-to-transform-pool-betting/297227|access-date=2021-02-13|website=Racing Post}}{{Cite web|date=August 14, 2014|title=Colossus Bets launches weekly £1m HDA15 football jackpot|url=https://www.sbcnews.co.uk/featurednews/2014/08/14/colossus-bets-launches-weekly-1m-hda15-football-jackpot/|url-status=live|archive-url=https://web.archive.org/web/20141002210603/http://www.sbcnews.co.uk:80/featurednews/2014/08/14/colossus-bets-launches-weekly-1m-hda15-football-jackpot/ |archive-date=2 October 2014 |access-date=2021-02-14|website=SBC News}} They would go on to add horse racing, greyhound racing, American football, ice hockey, basketball and darts pools, making them a multi-sport pools provider.{{Cite web |last=Yogonet |title=Colossus Bets strikes deal with SIS for British & Irish greyhound racing {{!}} Yogonet International |url=https://www.yogonet.com/international//news/2019/03/21/49319-colossus-bets-strikes-deal-with-sis-for-british--irish-greyhound-racing |access-date=2023-05-08 |website=www.yogonet.com |language=en-US}}
In 2017, Colossus launched Syndicates, a group betting product that would allow its users to share the cost of their bets, and any potential winnings, with fellow players.{{Cite web|last=Allen|first=Brad|date=February 15, 2017|title=Colossus Bets launches Syndicates betting product|url=https://egr.global/intel/news/colossus-bets-launches-syndicates-betting-product/|access-date=2021-02-14|website=EGR Intel}} The introduction of horse racing pools in July 2018 meant that, for the first time, The Tote was no longer the sole horse racing pools operator in the UK market.{{Cite web|last=McClymont|first=Kate|date=May 17, 2018|title=Meet the Joker: the Australian who is the biggest gambler in the world|url=https://www.smh.com.au/national/meet-the-joker-the-australian-who-is-the-biggest-gambler-in-the-world-20180515-p4zfhi.html|access-date=2021-02-13|website=The Sydney Morning Herald}}{{Cite news|date=May 17, 2018|title=Revealed: 'world's biggest gambler' is partner to new racecourse betting firm Britbet|work=The Times|url=https://www.thetimes.com/sport/article/revealed-worlds-biggest-gambler-is-partner-to-new-racecourse-betting-firm-britbet-klqrvcgph|access-date=2021-02-14|issn=0140-0460}} The Place 6 pool was introduced as a direct equivalent to the Placepot. In addition to offering their sports and racing pools on their website, the Colossus Bets pools have also been integrated into a number of partner websites across the world, including Bet365,{{Cite web|last=|first=|date=September 30, 2019|title=Bet365 to license Colossus Bets' US cash-out patents|url=https://www.gamblinginsider.com/news/7917/bet365-to-license-colossus-bets-us-cash-out-patents|access-date=2021-02-13|website=Gambling Insider}} Betway Africa,{{Cite web|date=January 29, 2020|title=Sports betting but BIGGER|url=https://staging-agbrief.devbetterbyte.com.au/headline/sports-betting-but-bigger/|access-date=2021-02-14|website=AGBrief}} Dafabet,{{Cite web|last=|first=|title=Colossus Bets|url=https://agbrief.com/company/colossus-bets/|url-status=live|archive-url=https://web.archive.org/web/20201027204454/https://www.agbrief.com/company/colossus-bets/ |archive-date=27 October 2020 |access-date=2021-02-13|website=}} Matchbook,{{Cite web|last=Griffith|first=Mark|date=November 19, 2015|title=Matchbook launches Colossus Bets pools|url=https://www.intergameonline.com/igaming/news/matchbook-launches-colossus-bets-pools|access-date=2021-02-13|website=InterGame}} Racebets,{{Cite web|last=Evans|first=Jake|title=RaceBets goes live with Colossus jackpots|url=https://egr.global/intel/news/racebets-goes-live-with-colossus-jackpots/|access-date=2021-02-14|website=EGR Intel|language=en-US}} Mr Green, Nairabet,{{Cite web|date=October 19, 2016|title=Optima launches Colossus Bets pools|url=https://agbnippon.com/headline/optima-launches-colossus-bets-pools/|access-date=2021-02-13}} Football Pools, {{proper name|eStave}},{{Cite web|title=Bb117 digital|url=https://issuu.com/gbmediacorp/docs/bb117-digital|access-date=2021-05-13|website=Issuu|language=en}} and Paf.{{Cite web|last=Narayan|first=Niji|date=2018-09-06|title=Paf partners with Colossus to launch world's biggest jackpots|url=https://europeangaming.eu/portal/latest-news/2018/09/06/27583/paf-partners-with-colossus-to-launch-worlds-biggest-jackpots/|access-date=2021-02-14|website=European Gaming Industry News|language=en-US}}
In August 2017, Colossus Bets announced that they had entered into a partnership with 54 British racecourses in order to supply betting pools.{{Cite web|title=Courses team up with Colossus Bets to 'transform' pool betting {{!}} Horse Racing News {{!}} Racing Post|url=https://www.racingpost.com/news/courses-team-up-with-colossus-bets-to-transform-pool-betting/297227|access-date=2021-05-13|website=www.racingpost.com}} However, in May 2018 a number of newspaper articles were published revealing that Zeljko Ranogajec was the principal backer of the company using the alias of John Wilson.{{Cite web|date=2018-05-17|title=Aussie known as world's biggest punter takes 'high risk' bet on British racing|url=https://www.news.com.au/sport/sports-life/aussie-known-as-worlds-biggest-punter-takes-high-risk-bet-on-british-racing/news-story/f19d18f28960163ec4aef3df140de8fe|access-date=2021-05-13|website=NewsComAu|language=en}}{{Cite news|first=Mark|last=Souster|title=Revealed: 'world's biggest gambler' is partner to new racecourse betting firm Britbet|newspaper=The Times|language=en|url=https://www.thetimes.com/sport/article/revealed-worlds-biggest-gambler-is-partner-to-new-racecourse-betting-firm-britbet-klqrvcgph|access-date=2021-05-13|issn=0140-0460}}{{Cite web|last=McClymont|first=Kate|date=2018-05-17|title=Meet the Joker: the Australian who is the biggest gambler in the world|url=https://www.smh.com.au/national/meet-the-joker-the-australian-who-is-the-biggest-gambler-in-the-world-20180515-p4zfhi.html|access-date=2021-05-13|website=The Sydney Morning Herald|language=en}} Subsequently, the consortium of 54 racecourses (Britbet) cancelled their arrangement with Colossus Bets in favour of The Tote.{{Cite web|date=2018-06-12|title=Tote, britbet Enter Standstill Period|url=https://www.thoroughbreddailynews.com/tote-britbet-enter-standstill-period/|access-date=2021-05-13|website=Thoroughbred Breeding and Auctions|language=en}}
In May 2021 Esports Technologies Inc. (Nasdaq: EBET) announced an exclusive alliance with Colossus Bets.{{Cite web |date=May 20, 2021 |title=Esports Technologies Announces Exclusive Patent License Agreement, New Alliance with Colossus Bets |url=https://www.nasdaq.com/press-release/esports-technologies-announces-exclusive-patent-license-agreement-new-alliance-with |access-date=2024-12-26 |website=nasdaq.com}} Under the terms of the agreement Colossus Bets became a shareholder in Esports Technologies Inc.{{Cite web |date=May 12, 2021 |title=FORM 8-K |url=https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&ref=115863079&type=PDF&symbol=EBET&companyName=Esports+Technologies+Inc.&formType=8-K&formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&dateFiled=2021-05-12&CK=1829966 |access-date=2024-12-26 |website=quotemedia.com}}
Conscious Colossus
In 2020, Colossus Bets launched ‘Conscious Colossus',{{Cite web|last=Streeter|first=Joe|date=2019-07-31|title='Conscious Colossus' and the role of sport in disadvantaged communities|url=https://insidersport.com/2019/07/31/conscious-colossus-and-the-role-of-sport-in-disadvantaged-communities/|access-date=2021-02-13|website=Insider Sport|language=en-US}}{{Cite web|last=Narayan|first=Niji|date=2019-07-26|title=Colossus Bets Launches "Conscious Colossus" Charity Initiative|url=https://europeangaming.eu/portal/latest-news/2019/07/26/51410/colossus-bets-launches-conscious-colossus-charity-initiative/|access-date=2021-02-13|website=European Gaming Industry News|language=en-US}} a charitable initiative created to “target several areas of responsibility and covering a wide range of causes, including the advancement of sport within communities, responsible gambling education and animal welfare.”{{Cite web|date=July 23, 2017|title=Introducing YGAM: Informing, educating and safeguarding young people against problematic gambling|url=https://www.colossusbets.com/blog/introducing-ygam/|access-date=2021-02-13|website=Colossus Bets Blog}} Conscious Colossus announced that they would be supporting three charities in their maiden year; Alive and Kicking, The Greyhound Trust and YGAM.{{Cite web|last=Streeter|first=Joe|date=2019-07-24|title=Colossus Bets backs the Greyhound Trust with charitable campaign|url=https://insidersport.com/2019/07/24/colossus-bets-backs-the-greyhound-trust-with-charitable-campaign/|access-date=2021-02-14|website=Insider Sport|language=en-US}} In 2021 they announced an updated line up of Alive and Kicking, YGAM and Clime-It Brothers for their second year.{{Cite web|title=Clime-it Brothers Interview|url=https://www.colossusbets.com/blog/clime-it-brothers-interview/|access-date=2021-02-13|website=Colossus Bets Blog|date=23 November 2020}}
Dates of Significance
2012 – Founded by Bernard Marantelli.{{Cite web|date=2020-10-15|title=Colossus Bets founder, CEO no longer at the helm|url=https://calvinayre.com/2020/10/15/business/colossus-bets-founder-ceo-no-longer-at-the-helm/|access-date=2021-02-14|website=CalvinAyre.com|language=en-US}}
2013 – Colossus Bets launch in the UK with Michael Owen named as a brand ambassador.{{Cite web|last=|first=|date=September 9, 2013|title=Colossus Bets names Michael Owen brand ambassador (Press release)|url=https://online.casinocity.com/article/colossus-bets-names-michael-owen-brand-ambassador-112509|url-status=live|archive-url=https://web.archive.org/web/20150711205227/http://online.casinocity.com:80/article/colossus-bets-names-michael-owen-brand-ambassador-112509 |archive-date=11 July 2015 |access-date=2021-02-13|website=Casino City}}{{Cite web|last=Stoker|first=Liam|date=September 10, 2013|title=Colossus Bets signs up former England striker Michael Owen|url=https://egr.global/intel/news/colossus_bets_signs_up_former_england_striker_michael_owen_/|access-date=2021-02-13|website=EGR Intel}}
2014 – Winner of the ‘Rising star' award at the EGR Operator Awards.{{Cite web|date=November 25, 2014|title=Colossus Bets wins Rising Star at EGR Operator Awards|url=https://sbcnews.co.uk/technology/2014/11/25/colossus-bets-wins-rising-star-at-egr-operator-awards/|access-date=2021-02-13|website=SBC News}}
2017 – Colossus Bets launch Syndicates product.{{Cite web|last=|first=|date=February 21, 2017|title=Bernard Marantelli - Colossus Bets - Building a Crowd Pleaser with Colossus Syndicates|url=https://www.sbcnews.co.uk/europe/2017/02/21/bernard-marantelli-colossus-bets-building-crowd-pleaser-colossus-syndicates/|access-date=2021-02-13|website=SBC News}}
2017 – Colossus Bets announces partnership with consortium of British racecourses.{{Cite web|last=Williams|first=Callum|date=2017-08-17|title=British Racecourses and Colossus Bets Announce Partnership to Transform Pool Betting on British Racing|url=https://www.colossusbets.com/blog/british-racecourses-colossus-partnership/|access-date=2021-05-13|website=Colossus Blog|language=en-US}}
2018 – Colossus Bets launch horse racing pools.{{Cite web|last=Cranham|first=Mark|date=July 12, 2018|title=No revolution but still a new start for pool betting as Betfred monopoly ends {{!}} Horse Racing News {{!}} Racing Post|url=https://www.racingpost.com/news/no-revolution-but-still-a-new-start-for-pool-betting-as-betfred-monopoly-ends/338731|access-date=2021-02-14|website=Racing Post}}
2018 – 54 British racecourses repudiate Colossus bets as their pools betting partner.{{Cite web|title=No revolution but still a new start for pool betting as Betfred monopoly ends {{!}} Horse Racing News {{!}} Racing Post|url=https://www.racingpost.com/news/no-revolution-but-still-a-new-start-for-pool-betting-as-betfred-monopoly-ends/338731|access-date=2021-05-13|website=www.racingpost.com}}
2019 - North Dakota Racing Commission licenses Colossusbets as a service provider.{{Cite web|last=Acteson|first=Ed|date=2019-08-01|title=Colossus celebrates its sixth anniversary|url=https://www.colossusbets.com/blog/six-years-colossus/|access-date=2021-05-13|website=Colossus Blog|language=en-US}}
2019 – Oregon Racing Commission grants Colossusbets a totalizator license.{{Cite web|title=Colossus Bets obtains totalizator license in Oregon|url=https://www.yogonet.com/international/noticias/2019/01/31/48915-colossus-bets-obtains-totalizator-license-in-oregon|access-date=2021-05-13|website=www.yogonet.com|language=en-US}}
2019 – Colossus Bets launch greyhound racing pools.{{Cite web|date=October 8, 2019|title=SIS pens new partnership with Colossus Bets|url=https://sbcnews.co.uk/retail/2019/10/08/sis-pens-new-partnership-with-colossus-bets/|access-date=2021-02-13|website=SBC News|language=en-US}}{{Cite web|last=Miller|first=George|date=2019-10-30|title=Colossus Bets secures first U.S. customer for SIS World Greyhound Tote Pool jackpots|url=https://europeangaming.eu/portal/press-releases/2019/10/30/57571/colossus-bets-secures-first-u-s-customer-for-sis-world-greyhound-tote-pool-jackpots/|access-date=2021-02-13|website=European Gaming Industry News|language=en-US}}
2019 – Announces a long-term licensing agreement with Bet365 that will allow the operator access to its cash-out patent portfolio in the US.{{Cite web |date=2022-05-19 |title=Terms and Conditions |url=https://btvs1.com/terms-and-conditions/ |access-date=2024-07-20 |language=en-US}}{{Cite web|url=https://www.gamblinginsider.com/news/7917/bet365-to-license-colossus-bets-us-cash-out-patents|title=Bet365 to license Colossus Bets' US cash-out patents}}
2020 – Colossus Bets launch ice hockey and darts pools.{{Cite web|date=September 24, 2019|title=Colossus launch NHL pools!|url=https://www.colossusbets.com/blog/colossus-set-to-launch-nhl-pools/|access-date=2021-02-14|website=Colossus Bets Blog}}
2020 – Winner of the ‘Best use of a brand ambassador' award at the EGR Operator Marketing and Innovation Awards for their partnership with Fallon Sherrock.{{Cite web|date=January 23, 2020|title=Colossus Bets - Back to the future|url=https://www.gamblinginsider.com/press/8470/colossus-bets-back-to-the-future|access-date=2021-02-13|website=Gambling Insider}}
2020 – Colossus Bets agreed a five-figure sponsorship deal with the Greyhound Grand National.{{Cite web|date=6 October 2020|title=Colossus Bets steps in to sponsor Greyhound Grand National|url=https://insidersport.com/2020/10/06/colossus-bets-steps-in-to-sponsor-greyhound-grand-national/|url-status=live|access-date=23 July 2021|website=Insider Sport|archive-url=https://web.archive.org/web/20201030073805/https://insidersport.com/2020/10/06/colossus-bets-steps-in-to-sponsor-greyhound-grand-national/ |archive-date=30 October 2020 }}
2020 – Bernard Marantelli is terminated as a director of the company.{{Cite web|date=14 October 202|title=Colussus Bets Confirms Bernard Marantelli CEO Departure|url=https://sbcnews.co.uk/technology/2020/10/14/colossus-bets-confirms-bernard-marantelli-ceo-departure/|url-status=live|access-date=3 June 2021|website=SBCNews|archive-url=https://web.archive.org/web/20201017121525/https://www.sbcnews.co.uk/technology/2020/10/14/colossus-bets-confirms-bernard-marantelli-ceo-departure/ |archive-date=17 October 2020 }}{{Cite web|url=https://jpst.it/2uvUk|title=Marantelli Termination of Directorship - JustPaste.it}}
2020 – David O'Reilly appointed as chief executive officer.{{Cite web|url=https://www.gamblinginsider.com/news/10191/david-oreilly-succeeding-bernard-marantelli-as-colossus-bets-ceo|title = David O'Reilly succeeding Bernard Marantelli as Colossus Bets CEO}}
2021 – Esports betting and technology company Esports Technologies Inc concludes alliance agreement with Colossus Bets.{{Cite web |url=https://floridanewstimes.com/esports-technologies-aims-to-enhance-the-cash-out-experience-through-an-exclusive-partnership-with-colossus-bets/265903/ |title=Archived copy |access-date=24 May 2021 |archive-date=24 May 2021 |archive-url=https://web.archive.org/web/20210524105600/https://floridanewstimes.com/esports-technologies-aims-to-enhance-the-cash-out-experience-through-an-exclusive-partnership-with-colossus-bets/265903/ |url-status=dead }}
2021 – Colossus Bets sued DraftKings and Tabcorp over patent infringement.{{Cite web |last=Bolza |first=Miklos |date=2021-07-27 |title=Tabcorp sued for patent infringement over 'Cash Out on Quaddie' feature |url=https://www.lawyerly.com.au/tabcorp-sued-for-patent-infringement-over-cash-out-on-quaddie-feature/ |access-date=2024-12-26 |website=Lawyerly |language=en-US}}
References
{{reflist}}
External links
- [https://www.colossusbets.com/ Official website]
Category:Gambling companies of the United Kingdom