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Alibaba invests in digital sports data company
Tuesday April 19,2016 : CHINESE E-COMMERCE GIANT CONTINUES TO SHOW INTEREST IN THE SPORTS BETTING INDUSTRY
Alibaba and Handnice Capital invest $1.5 million in Chinese digital sports provider.
The Chinese e-commerce giant Alibaba continued to show interest in online gambling this week with a $1.5 million investment along with the Handnice Capital in Chinese digital sports data company LeidaSports.
The new deal follows last September's formation of Ali Sports in collaboration with media corporation Sina and private equity firm Yunfeng Capital and the more recent agreement by Alibaba subsidiary UC Web with Sports Craze and LeidaSports.
The investment will see LeidaSports, which provides sports data information and betting services, merging with Chinese sports application Sports Craze, which has an active user base of more than five million. Sports Craze will then operate as a subsidiary of LeidaSports.
The merged company will supply sports data and diverse content to sports content providers across China through LeidaSports’ existing partnership with leading sports and betting-related data company Sportradar.
Chinese punters will benefit from access to a wide range of virtual sports games, in addition to a play-for-fun sportsbook via the Leidasports/Sports Craze network, the company statement claims.
The two brands will also work together to develop a range of betting services for the Chinese Super League domestic club football competition. This will include betting services on the Leidasports/Sports Craze website and mobile application, combined with other related betting services that will target the entertainment and e-sports sector.
Kai Sun, co-founder of LeidaSports, said: “The two companies will develop rich sporting data and games based on European football and basketball leagues."
In the medium-term, Ali Sports will work with the Leida Group on e-Sports initiatives with leading sports competitions such as the North American NFL American football league and National Collegiate Athletic Association college sports conferences.
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GAN Partners with Station Casinos -
B2B online gaming company GAN (formerly Game Account Network) has revealed Station Casinos as its previously unidentified partner in an announcement made August 2016
Oceanís Call Slot Launches -
Online gambling games developer Habanero has embarked on a journey across the high seas to bring players its latest HTML5 high resolution slot title, Oceanís Call.
Big Names Playing WCOOP -
The big names came out to play in the closing stages of the World Championship of Online Poker this week as major prizes were handed out in a number of exciting and entertaining competitions.
Sirplay to Open Argentina Branch -
#SirPlay expects the new office to be fully operational by early next year, extending its service to Grupo Slots, which holds a license to operate the provincial San Luis Lottery, and other potential LatAm clients.
DFS Changes for Ohio -
#dfs Coley says that at present DFS is an example of the "pools for profit" concept, the rules for which the state Attorney General has opined are unclear in relation to DFS.
New Jersey Teams Up With Kahnawake Gaming Commission -
The New Jersey Division of Gaming Enforcement and the Kahnawake Gaming Commission have agreed to collaborate in preventing unlicensed online operators from accepting bets from New Jersey and other U.S. states through the Continent 8 data centre situated on tribal land, according to reports Tuesday from the Associated Press news agency.
Petition to Ban Online Gaming in Singapore -
Singapore Pools and Singapore Turf Clubís application to operate online betting has triggered the origination of a petition that calls on the Government to deny authorization and stop legalization of online gambling.
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