Entain Plc‘s board has successfully placed new ordinary shares, raising proceeds of £600m. The transaction comes 24 hours after the firm’s announcement that it had agreed for its Entain CEE subsidiary to acquire STS Group, Poland’s largest bookmaker for an agreed £750m deal. This morning, Entain communicated that a total of 48,294,478 new ordinary shares of €0.01 each have been …
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Paddy Power’s ASX secures €500,000 in crowdfunding
Paddy Power, the son of the owner of the bookmaker-of-the-same-name David Power, has raised over €500,000 in crowdfunding for his American SportZ Exchange (ASX) sports trading platform. The ASX project was founded in 2019 whilst a beta version was launched in 2020, and will function as a ‘stock market’ for sports, combining fantasy sports and financial markets, enabling fans to …
Read More »Paddy Power targets US market with ASX trading platform plans
Paddy Power, the son of David Power, founder of the eponymous Irish bookmaker, has announced plans to launch a ‘sports trading’ platform, American SportZ Exchange (ASX), according to the Irish Independent. ASX will operate from Ireland but target the burgeoning US sports betting market, and will be initially financially supported as a startup via a €500,000 crowdfunding campaign using the …
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