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 …
Read More »
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 …
Read More »
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 …
Read More »
Activist investors SpringOwl Gibraltar Partners B have agreed in principle to acquire 6.1 per cent of Bwin.party’s share capital, fuelling rumours that the company is on the verge of being broken up to realise value for shareholders. SpringOwl is buying the shares from Emerald Bay Limited and Stinson Ridge Limited, companies connected with Bwin.party founders Ruth Parasol DeLeon and Russell …
Read More »
Real-time sportsbook platform provider FSB Technology (UK) Ltd. has announced the successful completion a £2.6 million funding round. The investment was led by Mark Blandford, the founder of Sportingbet and one of the gaming industry’s most respected investors. FSB is co-founded by David McDowell and Sam Lawrence. McDowell was also co-founder of newly listed GameAccount Network, where Lawrence was CTO. …
Read More »
Entertainment publishers Endemol have announced a stage investment in London social gaming start-up Plumbee. Endemol have invested a sum of $13m in the latest round ofstage funding for the social casino gaming digital start-up. Existing venture capitalist investors – Paris based Idinvest Partners have also participated in this round, Plumbee is now valued at $40m. The investment set by Endemol, will see …
Read More »
Manchester based iGaming operator Betfred has agreed to become a shareholder of Racing Post Greyhound TV – RPGTV, the dedicated live pay broadcasting service of UK betting and racing newspaper – the Racing Post. The partnership will see Racing Post Greyhound TV available through Betfred subsidiary Totepool in Betfred’s +1500 UK based retail outlets. The service will also be available …
Read More »New social gaming/gambling venture Gaming Realms part of is to begin trading on the London AIM Stock Market tomorrow morning. The new social gaming venture set-up by ex Foxy Bingo founders Simon Collins and Patrick Southon consisting of a £12m reverse takeover of social gambling operators Gaming Realms, BeJig and Alchemy Bet will begin trading on the Alternative Investment Market, …
Read More »
SBC News Voice of the Sports Betting Industry