FSB takes control of ‘in administration’ Black Type

Sports betting technology supplier FSB has issued a corporate statement on the website of white label sportsbook Black Type (BlackType.bet), confirming that the racing specialist bookmaker has entered administration and will ‘wind down all business affairs’.

Black Type management’s decision has forced FSB to take control of the sportsbook to protect all customer funds and honour all open wagers.

“We want to assure you that this will not impact the account that you hold on the BlackType.bet website or app,” read FSB’s statement. “Your funds are safe and any unsettled bets or pending withdrawals will continue to be honoured by FSB as they always have been.”

As the white-label supplier of Black Type’s UK sportsbook licence, FSB informs customers that the bookmaker operated as a ‘marketing partner promoting its wagering services’.

“The terms and conditions on the BlackType.bet website make it clear that you are gambling with FSB and that FSB is the merchant of record for all deposits and withdrawals,” it added.

“What this news means for you as a customer using the BlackType branded website and mobile apps is that you will not be affected in any way. Your standing remains unaffected and you can continue to use your account as normal.”

The Black Type brand was founded by the enterprise team of Dave Gowers (CEO) and Craig Nicholson (COO) in 2016, launching the UK’s first racing specific sportsbook on the FSB platform.

Seeking to cater for ‘underserved’ UK pro racing punters, Black Type management emphasised that the bookmaker would ‘never restrict winning accounts’.

Gowers and Nicholson would depart the business in 2018, with former Totesport executive Keith Oliver taking leadership of Black Type new Chief Executive.

It has been reported that the increased regulatory pressures on the betting sector pushed Black Type management into administration.

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