Technology

New York and Edinburgh based fantasy sports platform FanDuel Inc, has raised $70 million (£42.80 million) in its latest venture funding round. The Edinburgh founded fantasy sports game has received the majority of its latest backing from entertainment and media investment specialists Shamrock Capital.  Prior to the funding round, FanDuel inc had raised $18 million (11.05 million) in investment from …

Fuga Gaming Technologies is the new worldwide and exclusive distributer for UMA Premium games. Predominantly a land-based game provider, it has over 70 titles featured in casinos and on cruise ships all over the world. The software house has excelled at building video slots, table, poker and bingo games, multiplayer systems, amusement with prize games, skill with prize and social …

Betradar, supplier of sports and betting related data,has announced the successful launch of its Live Channel for retail betting shops with the German bookmaker Tipico. Tipico has already rolled out the live sports channel in over 200 shops across Germany with the intention to connect up to 1,000 shops, and expand links in Austria, Belgium and Denmark. Betradar’s Live Channel, …

Sports data and media rights firm, Perform Group PLC is set to reject the £702 million final offer made by Len Blavatnik’s Access Industries this Monday.  Perform Group’s management and board felt that the offer underrated the company’s future value and potential. Monday 2 September, saw investment conglomerate Access Industries, owners of 42.5% of Perform Group issue a cash buyout …

CashBet (www.cashbet.com) today announced partnerships with leading game providers Aspect Gaming, iSoftBet and Revolver Gaming to incorporate their premium, real-money online casino games into apps for PC, iOS and Android devices. Audiences in the United Kingdom will be able to access these real-money gambling games through apps powered by the CashBet platform. This is the latest initiative by CashBet to …

Playtech developer and licensor of software and services for the gambling industry, has entered into an agreement with global content and systems provider Aristocrat Leisure Limited to acquire Aristocrat Lotteries for ?10.5 million in cash, subject to certain adjustments and satisfaction of closing conditions. It is anticipated that closing will occur shortly. Once complete, the acquisition will position Playtech’s land-based …

Innovation of igaming’s products lines, value chains and services will be key theme at this year’s EIG Berlin Expo.  Team SBC & EIG caught up with Smarkets Founder & CEO Jason Trost to discuss the values of producing technology in-house, product independence and innovation blocks and factors. Smarkets is an online betting exchange platform challenging the bigger exchanges in the …

Boston based fantasy sports trading start-up DraftKings has raised $41 Million (£25 million) in its latest venture funding round.  The start-up announced on Monday that it had reached its funding targets, as it aims to extend its product range and marketing coverage in the coming months. Merchant Bank Raine Group specialists in media and technology funding, contributed the majority of …

SBTech signed an exclusive deal with BetFIRST to provide its powerful sports betting platform for the regulated Belgium market  SBTech will provide BetFIRST, Belgium’s leading online and land-based gaming operator, with its powerful online and mobile sports betting platform and will see BetFIRST switching from its current sports provider into SBTech platform. This includes a superior live and mobile betting …