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Gambling: Worldspreads hires ex-CWC manager to head Scots operation
The Irish online spreadbetting company Worldspreads has hired Douglas Woods, a former sales trader with rival CMC Markets, to head up a new operation as the firm expands into Scotland, reports The Scotsman newspaper.
The venture, which will be based in Edinburgh, is notable because CMC pulled out of the country earlier this year after a presumably unsuccessful year of business.
Wood said Scotland is a relatively untapped market, especially since CMC no longer has a physical presence. He added that while CMC saw potential in Scotland, Goldman Sachs, which has a 10 percent stake in the CMC business, was no longer in favour of regional offices.
Woods plans to organise seminars for clients to introduce them to spread betting.
"The average client needs support to get to understand spread betting. We're not a massive brand like CMC or IG Index. We want to be able to offer a smaller, local market and personalised service," he said, advising that initially there will be only two employees in Edinburgh, although this could expand depending on the amount of business generated.
WorldSpreads was set up in Dublin in 2000 to allow investors to trade individual shares, foreign exchange, stock indices, commodities and interest rates, by phone or online. It expanded into the UK with the opening of its London office in 2005. The company is listed on the London AIM market and on the IEX market in Dublin. It was co-founded by Conor Foley, chief executive, and Brian O'Neill, chief operations officer, who built their careers in financial services in Ireland.
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Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
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3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
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