Touchbet ltd owner Magnus Hedman has been confirmed as the majority buyer of Pinnacle Sports, as his new enterprise looks to extend its presence within the European sports betting market. Pinnacle Sports CEO Paris Smith revealed to industry news source EGR Magazine that Hedman had become the company’s majority shareholder. The CEO stated that the company felt no pressure to …
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HgCapital sells Sporting Index to undisclosed private investor
Private Equity firm HgCapital the owners of sports spread betting company Sporting Index Group, have reached an agreement for the sale of the business to an undisclosed private strategic investor. The acquisition of Sporting Index is required to pass regulatory approval before being finalised, as yet the terms of the acquisition have not been disclosed by the participating parties. The …
Read More »Infographic shows history of online sports betting industry
This new infographic from RightCasino.com reveals how, in 20 years, online betting has grown into an industry worth more than $74 billion. It charts the history of online betting from humble origins in Antigua to its current level of sophistication, where crazy PR stunts, royal baby betting and celebrity endorsement are industry standard. The sports betting industry as a whole …
Read More »Sporting Index hails highly profitable World Cup
After a difficult start in the group games, leading sports spread betting company Sporting Index bounced back in the knockout stages and ended up well ahead of punters on this summer’s World Cup. Generally speaking, Sporting Index do well when there are low-scoring games, so the first round of group matches, with an average of 3.06 goals per game, left …
Read More »Report sees gross win World Cup windfall for UK operators
The UK sports betting industry could see a £100 million World Cup 2014 windfall, reports corporate research and insights company Regulus Insights. The report commissioned by Sporting Index, predicts betting volumes to increase by 50% compared to betting figures for World Cup 2010. Mobile and in-play functionalities will lead the betting drive, as revenues and gross win generation are set …
Read More »Gambling advertisers join TipTV.co.uk stable
TipTV.co.uk, the internet sports betting and finance internet TV station, has announced a raft of new gambling advertisers which are supporting the start-up channel. Sporting Index, Admiral Markets, ETX, FootballBettingData.co.uk & SpreadEx have all agreed to advertise with TipTV, which has enjoyed a positive start to broadcasting since it was launched earlier this year. The channel has also featured some big …
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