Favbet and PandaScore Partner To Create New Esports Betting Site
PandaScore and Favbet have committed to a new business development scheme which will see them create an all-new esports betting site for the European market. The talks between the two have been in the works for months, and representatives from both companies met in Munich to discuss financial dealings. Once the two parties came to an agreement, the two firms released an official press document breaking down the project, including the aims and the technological specifics. This is one of the biggest esports-related partnerships to occur in the last decade.
The European market will play host to one of the first all exclusive esports betting sites in the world. PandaScore and Favbet have teamed up to create the ultimate esports gambling experience, and with the combined technological innovations the companies possess, the scale of the project has increased tenfold. ©byronton/Pixabay
The new betting site will be the first of its kind, hosting a vast quantity of impressively crafted live casino and esports games for users across the continent. After the reveal of the project, many data analysts and industry experts had already mapped out the potential success of the sportsbook. Certain firms have made fierce predictions for the new esports betting site, claiming that it could be one of the biggest breakthroughs in the gambling industry over the last ten years. The competition is definitely keeping an eye on the latest developments concerning the project
PandaScore is one of the leading data analyst firms in Europe and partnered with many other betting sites and leading sports brands over the last decade. Several football teams utilize the company’s services, including sides from the Premier League, Serie A, and Bundesliga. They’ve managed to maintain a consistent user base, but many of the firms biggest clients are in Europe and America, and individual uses make up a small amount of the yearly revenue. The company’s biggest success was an official partnership with Borussia Dortmund back in 2018.
They have become one of the leading data analyst firms in Europe, and many other companies are interested in partnering with them due to their impressive technological prowess. The firm has a huge research and development department and is one of the most well-funded sectors of the company. Innovation breeds success, as they say, and PandaScore has consistently led the way in terms of market research and data collection, even helping governments research into data privacy laws to smoothen the process. They have become one of the most respected companies in the industry and are specialists in the field of data management.
Favbet, on the other hand, are also a hugely successful online betting site, and they will be providing the domain framework actually to develop the website. They have run a highly successful sportsbook in Europe for years and are now hoping to push into the Esports scene with an all-new domain offering exclusive live games which cant be accessed anywhere else. Favbet provides some of the highest quality online casino games in Europe, and a large chunk of its service is developed in-house, meaning they scarcely rely on other firms to create their betting experiences.
Why is Esports So Popular?
Esports is one of the biggest markets in the world right now, and with the rise of video games in a competitive medium, it’s easy to understand why. Gaming is a massive sub-culture in today’s society, and oftentimes they aren’t represented alongside mainstream competitive sports such as football, rugby and many others. But over the last decade it has managed to amass a huge following due to developers seeing the potential of a competitive scene for their own games. For example, Riot Games, the developers of League of Legends, host world tournaments for the best players every year.
Esports is an ever-growing market, and many betting firms are starting to realize the potential of the gambling scene connected to it. It is very possible that one day Esports may become an Olympic event, or rather have its own parallel games which mirror the Olympics. As the industry gains respect, it also gains potential, and as the market is relatively unsaturated, the possibilities to create something huge are endless.
