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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.com and Sports.

com, to a group of private 💯 investors for $1, and an assumption of $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] (2015–2018)

CFR Cluj (2017–present)Série B[14] (2022)

Copa Libertadores[15] (Brazil only) 💯 (2023–present)

Copa Sudamericana[15] (Brazil only) (2023–present)

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