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UK Sportsbetting firm partners with Indian counterpart
1/16/10 - British football-pools operator Sportech plc is foraying into the Indian market through a joint sportsbetting venture with the Essel Group's Playwin brand. Sportech and lottery and gaming brand Playwin will invest an initial GBP 2 million each for their 50 percent stakes in the joint venture to fund start up costs, Sportech said in a statement this week.
The new gaming platform is expected to be launched in spring 2010 and the companies plan to target cricket, football and Formula One fans in the beginning with a suite of prediction and fantasy games. The joint venture will be promoted across Essel's Zee TV network and online, Sportech said. Sportech said the investment, already anticipated in its budget, would be phased over the next three years.
Sportech is the owner of the New Football Pools, which are operated online, via Ladbrokes betting shops, UK newsagents, and a network of home visitor collectors, as well as in the Daily Mirror newspaper. Playwin is owned by Pan India Network, a subsidiary of Indian conglomerate the Essel Group, and runs the online lottery franchises for the Indian states of Karnataka, Maharashtra and Sikkim, as well as offering games online and through its network of 12 000 gaming terminals.
Sportech chief executive Ian Penrose said: "India has a huge population with a long history of being committed sports fans, and Playwin is ideal as a partner as it is already India's premier gaming operator, and enjoys significant brand strength. This gives Sportech a great partner and platform from which to launch sports-based gaming products into a growing and lucrative marketplace."
India's population numbers almost 1.2 billion people, second only in size to China
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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