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New Investors For BetGenius
Wednesday October 7,2015 : BETGENIUS ATTRACTS FRESH INVESTORS (Update)
As it undergoes restructure.
On the back of an announcement to rebrand and restructure, BetGenius’ new parent company Genius Sports Group (GSG) has closed a debt partnership with Three Hills Capital Partners (THCP).
The private equity firm will invest GBP 10 million through a combination of debt and equity to enable GSG room to diversify its product range, expand into new territories and finance strategic acquisitions.
“The future continues to look positive for the Group and we have aligned our objectives to match anticipated movements in both the sports and betting industry sectors,” said Mark Locke, chief executive officer of Genius Sports Group. “The investment from Three Hills Capital Partners allows us to meet our goals much faster than would otherwise have been possible.”
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Gambling News :
Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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