Our BetVictor review reveals they were formerly known as Victor Chandler and VCBet. BetVictor was originally founded back in 1946 by William Chandler. It boasts of possessing over 500,000 customers in more than 150 countries and hires over 400 staff at its three main offices in Gibraltar, London, and Budapest. The company claims to turn over more than £1 billion each year.
Initially, the bookmaker had been UK-based but in 1998 it made the landmark decision to move its business offshore to avoid paying UK gambling tax. It has been alleged that this was a contributing reason for former British Chancellor of the Exchequer Gordon Brown abolishing gambling tax back in 2001.
The bookmaker had remained in the hands of the Chandler family until 2014 when businessman and race horse owner Michael Tabor became the majority shareholder of Victor Chandler International and re-branded Victor Chandler as BetVictor.
British customers will see that the bookmaker is licensed and regulated by the UK Gambling Commission. International customers will find that the bookmaker is licensed by the Government of Gibraltar and regulated by Gibraltar Gambling Commissioner.
It is a brand that has become synonymous with sports due to its high-profile sponsorship of events such as the Welsh Open snooker tournament, the Queen Mother Champion Chase at the Cheltenham Festival, and Premier League football club Liverpool.
BetVictor hit the headlines during the 2016 European Championship for offering players the chance to win £1 million through its Million Pound Goal competition in one of the most lucrative bookmaker competitions to have ever been held. The eventual winner was 32 year old Daman Chick from Birmingham.