GAN Acquires CoolBet, Plan To Enter U.S. Market. Sportsbook app may intriduce its Cool Bet betting and casino services in New Jersey, Colorado, Michigan, Indiana and other states already in 2021. We will update you on all possible promotions and bonus offers.
What is CoolBet
The slogan for Malta-based online sports betting site CoolBet is “stay cool.” However, they are getting ready to heat up the American market. In November, online gambling technology supplier GAN, acquired Coolbet for a cool $200 million US, with an eye on utilizing the site to make an online and mobile footprint in the United States market.
They anticipate entering the U.S. market sometime during the second half of 2021.
Coolbet launched in Northern Europe in 2016 and has since made inroads in both Canada and Latin America. Coolbet has customers in Norway, Sweden, Finland, Iceland, Estonia, Chile and recently expanded into Canada and Peru.
“This union brings two of the best-in class, high-growth offerings in the iGaming space together, and makes a powerful combination,” GAN CEO Dermot Smurfit said in a statement. “[We] look forward to building one of the most complete solutions in our industry.”
In Canada, Coolbet offers new players a 100 percent matching first deposit welcome bonus worth a maximum of $200. It comes with a necessary bonus code (CAD200) to activate the offer. The welcome bonus has a 6x play-through requirement attached to the bonus. Wagers must be made at odds of -200 or longer in order to clear the bonus funds.
CoolBet USA/NJ Potential Bonus
Currently, Coolbet is offering a $25 free bet on college football and basketball wagers when bettors place an equivalent $25 wager on these sports. Players who refer a friend that joins up at Coolbet will be rewarded with $75 for their efforts. The same promo offers should be expected whenif Coolbet sportsbook goes live in the USA, NJ/CO/IN/IL/MI etc.
One of the highlights of the Coolbet site is that they only take a 4 percent vig from their bets. The average in the industry tends to range between 7-10 percent. That means bettors can anticipate better odds, as well as higher payouts.
Coolbet’s sports offerings are rich in content. There’s all that sports a bettor will expect – hockey, soccer, football, basketball, baseball, golf, boxing, tennis, horse racing and MMA – and many that perhaps they’ll be surprised or even delighted to see. These would include table tennis, bandy, volleyball, winter sports, darts, cricket, eSports, handball, snooker and rugby.
They also offer virtual sports wagering, as well as a poker room, casino and live casino.