Betting operator BetVictor has announced that they've extended its partnership agreement with the World Snooker Tour, which will see the company sponsoring eight tournaments for the 2023-2024 season.
Under the terms of the deal, BetVictor will sponsor the BetVictor Championship League, BetVictor European Series, and four BetVictor Home Nations Series events. The funds won by players will be compiled on a list called the BetVictor Series Rankings, with the leader after all of the events being awarded a £150,000 prize.
Recently, BetVictor announced that they're going to be rebranding their corporate branding, and will be known as BVGroup, which will come with a new logo and domain.
Commenting on the deal, WST Chairman Steve Dawson said, "We have worked with BetVictor for many years and they have been an outstanding partner for our sport. We are thrilled to continue working with them on a wide range of tournaments during the 2023-24 season.
"Snooker has an extraordinary global reach through our vast broadcast and digital audience, extending to every corner of the planet. BetVictor have joined us on that journey, providing them with huge exposure for their brand worldwide."
BetVictor Head of Sponsorship Sam Boswell added: "We are delighted to continue our long-standing sponsorship of snooker with eight BetVictor titled tournaments. And of course the BetVictor £150,000 bonus race, which has been incredibly popular with players since its creation in 2020.
"We are looking forward to some great drama on the table over the next 12 months."