Sportsbook

Leading daily fantasy sports operator FanDuel has been valued at $1 billion, following its latest venture capital ‘Series E’ round of $275 million. The investment round was led by Venture Capitalist firm  Kohlberg Kravis Roberts (KKR), technology news sources report that new FanDuel investors include Time Warner and Google Capital (Source: Crunchbase). The $275 million comes less than 12 months …

Online betting exchange Matchbook.com has furthered its exciting partnership with West London football club Brentford FC, by becoming ‘The Bees’ official shirt sponsor for the 2015/2016 Championship season. Brentford FC CEO Mark Devlin unveiled the club’s new shirt and sponsor for the upcoming season. Devlin revealed that the partnership with Matchbook.com, represented the biggest sponsorship deal in the club’s history, …

This week marks a crucial chapter in the battle for bwin.party Entertainment, as industry analysts expect 888 Holdings to counter the £906 million reverse takeover offer put forward by GVC Holdings. At present GVC are thought to be front runners in the acquisition, as last week bwin.party governance confirmed the £908 million cash and new shares bid, which values bwin.party …

Spread betting operator Sporting Index has launched an all new-website for desktop users featuring partial cash-outs, quick filters and improved functionality to manage positions. A period of deep analytical study of customer journeys was launched in July 2014 by the spread-betting firm, which led to the first phases of development in early December 2014. Key feedback from clients including faster …

The UK Gambling Commission has informed the public that embattled sports betting operator 666Bet has been compulsorily wound up by its holding company Metro Play Limited. The company had been served an Alderney Court Order on 2 July forcing it to close its remaining operations and begin the liquidation of existing assets. The Alderney Court has informed that KPMG Channel …

Igaming operator Mansion Group, operator of Casino.com brands has announced that it has become official shirt sponsor of South London football club Crystal Palace FC. Mansion Group replaces igaming payments specialist Neteller as official sponsor of the Eagles. The online casino operator announced its shirt sponsorship on the day Crystal Palace announced its record signing of French international midfielder Yohan …

Online betting exchange Smarkets has announced that it has doubled profits for the first two quarters of 2015. Following a successful opening to 2015, Smarkets management estimates it will record £6 million in pre-tax profits for its 2015 performance The betting exchange stated that growth had been driven a substantial increase in its trading volume, which had seen its number …

Unibet Group plc has signed an agreement to acquire the online gambling business of Stan James Group plc together with full rights and ownership of the brand. The transaction does not include the UK shops business operated under the Stan James brand, which for a transitional period has been granted rights to the brand. Stan James is one of the …

bwin.party Entertainment the operator at the centre of a £908 million reverse takeover by GVC Holdings, issued a Q2 trading update (period ending 30 June). Giving insights into its performance bwin.party governance stated that igaming revenue was in-line with expectations, whilst sports betting turnover was ahead of expectations, despite margins being below normalised levels. The operators performance has been supported …

Having announced record corporate revenues in its H1 2015 trading update of + €800 million, sports betting group GVC Holdings issued an activity warning regarding its Greek market operations. GVC which has a Greek market presence through its partnership with Centric Multimedia SA, stated that following imposed government controls of monetary restrictions on movements of funds within Greece, its operations …