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British online gambling operator

Sportingbet is a British online gambling operator,

owned by Entain plc. The company was listed on the 💸 London Stock Exchange and was a

constituent of the FTSE SmallCap Index prior to its acquisition by GVC

holdings.

History [ 💸 edit ]

The company was founded by Mark Blandford in 1997.[2]

Sportingbet acquired Paradise Poker in October 2004.[3] On 7 September 💸 2006 Sportingbet

reported that its then chairman, Peter Dicks, was detained in New York City on a

Louisiana warrant while 💸 traveling in the United States on business unrelated to online

gambling.[4] Louisiana is one of the few states that has 💸 a specific law prohibiting

gambling online. In March 2007, all Louisiana warrants involving the company were

cancelled.[5]

In October 2006, Sportingbet 💸 announced Paradise Poker would stop taking

deposits from US customers, although most would be allowed to continue to play for

💸 another month.[6] Additionally, Sportingbet sold all its US-facing sports betting and

casino businesses, including Sportsbook and Sports, to a group 💸 of private investors

forR$1, and an assumption ofR$13.2 million in debts.[7]

In February 2007, Sportingbet

announced it was eliminating its Paradise 💸 Poker software and migrating players to its

Sportingbet Poker platform. Prior to this, the two platforms had approximately the same

💸 number of players, but the Sportingbet platform had higher liquidity because that

platform was part of a larger network. The 💸 brand name of Paradise Poker was

retained.[8]

In 2008, Netbet (Pty) Ltd, a company in South Africa, licensed the

Sportingbet brand 💸 for online gambling in South Africa.

In October 2012, Sportingbet

announced its board had agreed to preliminary terms for a £530 💸 million takeover bid

from UK bookmaker William Hill and Isle of Man-based GVC Holdings.[9] Under the terms,

Sportingbet's Australian and 💸 Spanish operations were bought by William

Hill.[10]

Operations [ edit ]

Sportingbet operates local-focused sportsbooks, virtual

games and casino sites, and the 💸 online poker cardroom, Paradise Poker. Overall, the

company has over 2.5 million registered customers in 200 countries, who place over 💸 one

million bets (casino, poker, sports and virtual games) per day.

Sportingbet operates

several websites. The largest of these are wholly 💸 owned and operated by Sportingbet.

They also use a system similar to a franchise, in which independent website operators

use 💸 Sportingbet's centralised software, financial services, trading, and customer

service under license. These web sites receive a cut of the profits 💸 their customers

generate.

Sportingbet's corporate offices are located in Guernsey. They also have

offices and call centres in the Republic of 💸 Ireland and Costa Rica. The PLC is located

in Moorgate, London.

The company sponsored Premier League, Championship and League One

football 💸 team Wolverhampton Wanderers from the 2009–10 season until the 2013–14

season.[11] This link-up with a football club first began in 💸 January 2009, when

Bulgarian football club Slavia Sofia announced a 3-year sponsoring deal. As a result,

the logo of the 💸 company appeared on the club's shirts for the 2008–09, 2009–10 and

2010–11 seasons of the Bulgarian A PFG. Sportingbet also 💸 sponsored Steaua Bucuresti of

Romania for the 2009–10 and 2010–11 season. The logo also appeared on Steaua Bucuresti

II, Steaua's 💸 reserve team's shirt, which now plays in Liga. Sportingbet also sponsored

division 1 Victorian amateur football team Banyule FC for 💸 the 2010–2011

seasons.[12]

PAOK FC[13] (2024–2024)

CFR Cluj (2024–present)

Série B[14] (2024)

Copa

Libertadores[15] (Brazil only) (2024–present)

Copa Sudamericana[15] (Brazil only)

(2024–present)

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