Tag Archives: investment

Great Yarmouth ready for next summer after £300,000 investment

Arena Racing Company (“ARC”) has made a £300,000 investment to ensure Great Yarmouth Racecourse has a first class racing surface, including one of the best straight turf mile courses in this country, and the track will commence its racing season on Wednesday 8 June 2016. To date the new home straight has received positive feedback from jockeys who have ridden …

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Editec invests in digital media innovator Chroma Sports

London-based gaming operator Editec UK Ltd has announced a ‘significant seven-figure investment’ in the award-winning digital media innovator Chroma Sports. The investment will see Chroma develop a number of sports digital and fantasy games products and will ensure Editec is at the forefront of development on the digital landscape in its core markets in Africa and emerging markets throughout the …

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More Gfinity eSports shares to go on the market

UK eSports events firm Gfinity has revealed that it lost £3.6m in its first full year. The company are far from being in panic mode however, with this considerable expenditure necessary to build the infrastructure which’ll allow for future expansion. The launch of the UK’s first dedicated eSports arena (in partnership with Vue cinemas) for instance was costly, and as …

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CVC takes control of £800m Sky Bet

CVC Capital Partners is to spend a potential £720m to buy a controlling stake in online bookmaker Sky Bet. Under the agreement, Sky will receive £600m on completion of the deal, and further deferred and contingent payments of up to £120m, while Sky will retain an equity stake of 20% in Sky Bet, with which it has entered a long-term …

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GamCrowd crowdfunds for itself

GamCrowd, the gambling-specific crowdfunding and crowdsourcing platform that launched earlier this year, has followed its own advice and launched a crowdfunding campaign of its own. The company is looking to raise £200k for 10% of the Equity in the company on its own platform. CEO Chris North explained the reasoning behind the campaign: “We have been very keen from the …

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Amaya to snap up $4.9bn PokerStars

Amaya Gaming Group has agreed a sensational US$4.9bn (£2.9bn)  deal to acquire The Rational Group, operator of the world’s biggest online poker brands PokerStars and Full Tilt Poker. The deal is backed by Blackstone Group LP’s credit division, GSO Capital Partners, which will buy more than $600 million in convertible preferred shares and other securities. Deutsche Bank, Barclays and Macquarie …

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Infographic launched by GamCrowd

GamCrowd, the gambling-focused crowdfunding and crowdsourcing company, has launched an infographic to allow users of the site to quickly assess the quality of the site’s ‘crowd’. The new infographic, which updates once a week, shows users various statistics around the investors and start-ups in the crowdfunding area of the site as well as details of the buyers and seller within …

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Bingo duty cut sees immediate market growth

The Rank Group has committed to a programme of investment and job creation in its bingo clubs as a consequence of today’s Budget announcement that bingo duty would be reduced from 20% to 10%. The duty reduction brings the taxation of bingo into line with most forms of gambling in Great Britain, including sports betting, football pools and online gambling …

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GamCrowd Secures £5m Start-up Investment Fund

GamCrowd, the crowdfunding and crowdsourcing company which focuses on the gambling industry, has signed an agreement with Centurion Solutions to invest a fund of up to £5m into start ups on the GamCrowd platform. Centurion represents some of the world’s largest professional sports and racing trading firms and this fund will be made up from funds provided by both Centurion …

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Boylesports to buy up its HQ

Irish bookmaker Boylesports is planning on investing €1.5m (£1.2m) to buy its headquarters in Louth as the property comes up for sale at auction. According to the Irish Independent, it is part of a wider trend within the business to start buying up the properties from which the bookmaker does its business – it suggested that Boylesports is in active …

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