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Shares soar as online gambling venture signs up a third UK football club

Shares soar as online gambling venture signs up a third UK football club
The decision by the UK’s The Weather Lottery to launch online gambling services through the brand  was clearly a good bet; shares in the company have soared steeply – by some 173 percent - over the past week.
AIM-listed TWL, which was originally a charity fundraising specialist, has been attracting attention since its recent announcement that it would be taking clients online in a gambling venture, initially signing up Coventry City FC in a multi-year cooperative agreement that includes a full online gaming package and an additional  lotto element branded FC Lotto.
Within days, this was followed by a further announcement that a similar deal had been signed with Derby County Football Club, and this has now been followed by a third agreement with Sheffield Wednesday FC.
It appears that more news from TWL can be anticipated; the company has revealed that it is continuing negotiations with several other major football clubs, and it expects to make further announcements of similar contracts with other clubs shortly.
"Derby County meets all the criteria we are looking for in our commercial partners. It has a strong fan base, an illustrious history and its ambitious owners have realistic premiereship prospects”, TWL chairman Lord Razzall commented this week.
The contracts will begin at the start of the new season, which kicks off next month, with The Weather Lottery providing in-play stadia and online gambling to the clubs’ fan bases.
There has so far been no public disclosure on what software the venture plans to use.

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Yggdrasil Gaming Expanding - The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.

FanDuel and DraftKings Settle With NY Attorney General - Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.

Stan james Now Live With EPOS - The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.

Singapore Online Gambling Ban Begins - Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.

Chinese police action against Crown Resorts Widens - In addition to the 18 Crown employees still held after their arrest last week, it now appears that the police questioned 87 Crown punters and junket organizers, detaining 10 of the latter.

Pennsylvania Online Gambling Updates - Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.

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Medialivecasino in Deal With Microgame - #Medialivecasino live dealer games have already gone live with Microgame joining content from other well-known providers NetEnt and Evolution Gaming.

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Pissed off Tabcorp shareholders - A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.

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