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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)

(crédito: Reprodução/Loterias Caixa)

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