Smarkets has entered a new enterprise and innovation phase, having completed a Series-B funding round by securing a new investment from Susquehanna Growth Equity (SGE). The transaction marks the first capital raise by Smarkets since the firm’s inception in 2008, which saw it raise to £3.8 million to establish itself as a leading online betting exchange. Subsequent year-on-year growth has …
Read More »
Sports data, content and media rights distributor Sportradar has announced the launch of its revamped ‘next-level’ OTT solution at the Sportel Monaco sports media convention. The technology firm has developed a new engine which seamlessly connects its wide range of sports data with video capability within clients’ multiple distribution channels. Sportradar was one of the first technology firms to offer …
Read More »
Just one year after launching its German sports betting enterprise TIPP3 (Tipp3.de) European telecommunications giant Deutsche Telekom has terminated its subsidiary, following reports of significant underperformance. In April 2015, Deutsche Telekom governance announced that it had entered the German sports betting market, acquiring a majority 64% stake in Tipp.de Sportwetten GmbH owned by Deutsche Sportwetten, who would continue to manage …
Read More »
Private equity firm CVC Capital Partners furthers its presence in online gambling having acquired a majority stake in German focused sports betting operator Tipico Co Ltd. CVC adds the Malta licensed betting operator to its gambling portfolio, having secured the acquisition of Sky Betting & Gaming in December 2014 for £800 million. As yet no financial terms have been disclosed …
Read More »
It has been reported by Reuters that buyout group Centerbridge has teamed up with Deutsche Telekom to bid for German sports betting group Tipico. The owners of Tipico are being advised by Rothschild and JP Morgan and final bids are due at the end of next week. The founders are selling up having run and grown the company since its launch …
Read More »
German telecommunications operator Deutsche Telekom has entered the German online gambling market with the launch of online betting operators Tipp3.de. In February the telecoms giant confirmed a 64% stake purchase of German operator Tipp.de Sportwetten GmbH, the launch of Tipp3.de sees Deutsche Telekom enter the market under an operational joint venture with Deutsche Sportwetten who will lead its online gambling …
Read More »
Ladbrokes has confirmed the appointment of Andrew Bagguley as Managing Director of Digital. Bagguley takes over the director role which was vacated by New Ladbrokes Chief Executive Jim Mullen as the operator looks to continue its positive digital recovery. The appointment which was first announced by industry news source EGR Magazine, sees Bagguley promoted from his current position as Ladbrokes …
Read More »
Telecoms giant Deutsche Telekom has pushed plans to launch a German focused sports betting brand in the coming months after acquiring a 64% stake in Tipp3 Sportwetten GmbH. Deutsche Telekom announced its acquisition stake in Tipp3 to German business news sources, company management did not disclose details of the sum of purchase in the operator. However the company did disclose …
Read More »
Following last week’s Hesse Ministry of the Interior & Sports (HMDIS) awarding of the first set of federal German online sports betting licenses, German business news sources report that telecoms giant Deutsche Telekom are currently exploring entering the German sports betting market. With the German online sports betting framework still in its infancy, German newspapers report that Deutsche Telekom believe …
Read More »
SBC News Voice of the Sports Betting Industry