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BETFAIR INVESTMENT IN WATERCOOLER CONFIRMED

10/26/09 - This  morning's  report on an investment by online gambling group Betfair in California-based social networking applications provider Watercooler has been confirmed.

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The betting group has been joined by investment house Canaan Partners in closing a $5.5 million Series B funding round. Betfair's US president, Gerard Cunningham, joins the Watercooler board as part of the deal, which opens up fantasy sports and other opportunities on social networking giants like Facebook.
 
"Our investment is further proof that Betfair believes the fantasy sportsmarket is a tremendous opportunity in the US and around the world," said Cunningham. "Watercooler's strong team and its proven ability to execute an innovative approach to social networking and sports, is extremely compelling as we continue to build Betfair's global portfolio of sports and social media offerings," he said.
 
Watercooler will use the round to fund further development of fantasy sports and social games on Facebook and other platforms.  The company recently launched FanSection Fantasy Football 2009, a commissioner-style fantasy football game available on Facebook. 
 
Earlier this year Watercooler's 2009 Bracket Challenge application was the largest college basketball tournament game on Facebook with over 1.7 million active users, easily surpassing all other bracket games combined.
 
The company's Series A financing was led by Canaan Partners of Menlo Park, CA.
 
Kevin Chou, CEO of Watercooler commented: "At Watercooler, we've already achieved fantastic momentum in the social gaming space on Facebook, and we look forward to continuing along that path with the new investment from Betfair and Canaan. Betfair's innovative approach to sports and gaming, along with its strong international presence, made the company a perfect fit as we continue to build innovative social games."
 
"There is a clear opportunity for Watercooler's fan communities and social games," said Maha Ibrahim, General Partner at Canaan Partners. "Since our initial investment, the company has rapidly expanded its worldwide users on top social platforms. 
 
"We're excited to help Watercooler achieve even greater success and believe Betfair's industry experience and regulatory capabilities will help drive the expansion of Watercooler's product offerings."



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NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

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Simon Jones is crowned the Greatest Poker Player in the Universe - A €10,000 leaderboard tracked player progress throughout the series to determine who the Greatest Poker Player in the Universe was. Professional poker player/sports psychology lecturer, Simon Jones, took the crown with a €5,000 cash bonus and trophy to prove it.

MLB Odds: Yankees Favored in AL Wild Card Game - After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.

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