Online bookmaker Betway has today announced that it will become the title sponsor for the Gibraltar Open, which will be the operator’s second major snooker sponsorship.

Adding to its existing title sponsorship of the Betway UK Championship, the Gibraltar Open will see some of snooker’s most revered players such as Kyren Wilson, Stuart Bingham and Shaun Murphy battle it out on ‘The Rock’.

Players will compete for a share of a £177,000 prize fund, in addition to the possibility of winning points that could give them an edge in the world rankings.

Betway’s Marketing Director Paul Adkins commented on the new sponsorship opportunity: “As the title sponsor of the UK Championship, we’re delighted to be extending our involvement in the sport with the Gibraltar Open.

“Some of the world’s top players are set to clash at this year’s event and we’re very much looking forward to an exciting week of action.”

World Snooker Chairman Barry Hearn added: “We are thrilled to have Betway on board for this fantastic event. They are a huge supporter of snooker and have also been title sponsor of the UK Championship for the last four years.

“With some top players heading out to do battle on the rock, I am certain we will see a week of enthralling action and I can’t wait for the event to get started.”

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