Betradar have announced a partnership with online bookmaker Betbright through its Managed Trading Services (MTS) division.
The agreement between the two businesses will see Betradar engage in selective trading on specific sports for the Dublin-based operator.
Betbright are one of the latest operators to join Betradar’s MTS. Speaking about the agreement, Betbright CEO Marcus Brennan emphasised that the partnership was an important development for the business: “We have worked closely with Sportradar through data provision and their reputation in the industry speaks volumes. But we saw an opportunity through MTS that would enable us to increase our offering and trade on selected sports where Sportradar’s expertise was proven.
“This enables Betbright to free up resource and focus on areas where we are particularly strong. Selective trading through MTS we feel will become a more integral part of our strategy going forward and certainly as we expand into new territories with our first foreign markets planned for 2019.”
MTS managing director Personeni outlined the strategic importance of the relationship with Betbright and how such brands were assisting with the evolution and continued growth of the team: “The partnership with Betbright has enabled MTS to develop its offering further. Each operator has individual requirements as they seek a tailor-made solution specific to the needs of their business and ultimately the end user.
“With Betbright, we have a partner that has a long term vision for growth, combined with the energy to embrace change and new technology. Using the innovative ‘Guaranteed Return’ commercial model, Betbright will also benefit from our compelling and credible risk management tools.
“With an essential two-way flow of communication between the trading teams, it ensures maximum efficiencies for a healthy sportsbook delivering solid margins and returns. We would also like to take this opportunity to thank Betbright for their openness and availability to work with Betradar in such a highly progressive and industry leading manner.”