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London betting exchange Raising Money
Friday February 22,2013 : LONDON BETTING EXCHANGE START-UP RAISES MORE CASH
Smarkets has now raised a total of $3.3 million
Smarkets, the London-based peer-to-peer betting exchange founded in 2008 by Jason Trost (CEO) and Hunter Morris (CTO), has raised a further $2.3 million round of funding led by Deutsche Telekom’s T-Venture, along with existing backer Passion Capital.
The additional capital will be used to “accelerate technical and product development”, specifically through staffing up in engineering and other developer positions to help deliver a roadmap that includes things like new markets for punters to trade on, a dedicated mobile app, and price history and trading charts”, reports the publication TechCrunch.
Randeep Wilkhu, a senior investment manager at T-Venture, and Robert Dighero, an angel Investor and partner at Passion Capital, will join the Smarkets board.
Trost says that Smarkets - which is currently achieving around GBP 30 million in transactions traded each month - has superior technology and offers a better deal for punters through lower commissions on each bet - just 2 percent, which he claims is an industry-low.
Betfair will be its main rival, although Ladbrokes also has big plans for its recently acquired Betdaq.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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