Former billionaire Seán Quinn has launched new online sportsbook Quinnbet, aiming to ‘ruffle up’ the Irish and UK betting sectors.
The new sportsbook represents Quinn’s first venture since the multi-billion collapse of Irish conglomerate the Quinn Group in 2010.
Quinn was once considered Ireland’s richest person (2008), with an estimated personal wealth of €3.5-4 billion. However, the Irish tycoon lost his assets having been saddled with debts related to the 2009 bankruptcy of the Anglo-Irish Bank.
Officially launching Quinnbet in Ireland last week, sports mad Quinn stated that ‘the family was back in business’. Quinnbet operations will be led by son Sean Jnr acting as CEO, with further Quinn family members taking on senior positions within the new company.
Registered in Ireland Quinnbet is wholly owned by Seán Quinn, with Seán Quinn Jnr, brother-in-law Seán Kelly and Cavan businessman Séamus McMahon, of Kilconny, Belturbet, listed as company directors.
Speaking to Irish business news sources, an ambitious Sean Jnr stated that Quinnbet aims ‘to mix-it up with established brands in online betting’. As CEO, Sean Jnr detailed that the sportsbook would initially aim to offer the best product, market-range and pricing for Ireland’s unique betting punters.
Quinnbet is being powered by FSB Tech and Quinn added about the relationship: “We’re very excited about the prospect of the new site and the app that goes with it and believe FSB’s tailored approach are perfect for our ambitious plans. We now have the right tools to deliver a top-class betting experience and are very confident we’ll be able to offer a very competitive product alongside the larger brands.”
FSB Business Development Director Richard Thorp commented: “The Quinn family are a huge name in Ireland and we are honoured to have signed them to our service which will enable them to refine and grow their online offer.”