The Success Story of 24 BET: How 7bet Became the Owner of PBKS

Introduction

In the world of online betting, 24 bet is a well-known name. With its live 24 betting feature and popularity in India, it has come a long way from its inception. But what many people don’t know is the story behind its success and how it eventually became the owner of PBKS. In this article, we will take a deeper look into the journey of 24 bet, its rise to fame, and the significant turning point that led to its ownership of PBKS.

The Beginning of 24 BET

24 BET was launched in 2000 by its parent company, 7bet. 7bet is a British online gambling company that was founded by Denise Coates. It quickly gained popularity in the UK and expanded its services to other countries. In 2003, 7bet launched its first Asian website, which was specifically aimed at the Indian market. Named India Bet 24, this site offered sports betting, casino games, and live 24 betting.

Live 24 Betting: A Game-Changer

One of the key factors behind the success of 24 bet was its live 24 betting feature. It allowed users to place bets in real-time during a sports event, giving them an enhanced experience. This feature was a game-changer for 24 bet, as it attracted a large number of users who were looking for a more interactive betting experience. The popularity of live 24 betting further grew with the rise of mobile betting, making it accessible to users on the go.

The Growth of 24 BET in India

India has always been known for its love for sports and betting. With the availability of online betting platforms like 24 bet, the Indian market was quick to embrace it. The user-friendly website, wide range of sports events, and live 24 betting feature made 24 bet a top choice among Indian bettors. In addition, 24 bet also offered convenient payment options tailored for the Indian market, making it easier for users to deposit and withdraw money. This further contributed to the growth of 24 bet in India.

The Ownership of PBKS

In 2021, 24 bet became the owner of Punjab Kings (PBKS), a franchise cricket team of the Indian Premier League (IPL). The team was previously known as Kings XI Punjab and had a long-standing partnership with 24 bet. However, in 2021, PBKS announced that 24 bet has acquired a majority stake in the team, becoming its owner.

This move by 24 bet was met with mixed reactions from fans and experts. On one hand, it was seen as a significant strategic move that would further solidify 24 bet’s position in the Indian market. On the other hand, some were concerned about potential conflicts of interest, as 24 bet also operates in the sports betting industry. However, 24 bet has assured that it will maintain the integrity and transparency of the game, and the partnership with PBKS will only bring more opportunities for both sides.

In Conclusion

The success of 24 bet is a testament to its innovative approach, user-friendly interface, and effective targeting of the Indian market. With its live 24 betting feature and ownership of PBKS, 24 bet has solidified its position as one of the leading online betting platforms in India. Only time will tell what further developments and achievements await 24 bet in the future.