..

OpenBet in £208m Management Buy-Out

Written by:
Aaron Goldstein
Published on:
Jan/13/2011
OpenBet

A major technology company, whose clients include William Hill and Ladbrokes, is undergoing a major Management buy-out to the tune of £208 million, this according to the Telegraph.

The company is being purchased by Vitruvian.

From the Telegraph:

The buy-out is being led by David Loveday, OpenBet's chief executive, whose management team will hold a minority stake. Completion of the deal is subject to certain regulatory approvals.

OpenBet, which last year changed its name from Orbis Technology and has negligible debts, was founded in 1996. It has grown to become the leading provider of interactive gaming and betting solutions to the gambling industry. It provides the technical platforms on which bookmakers and lotteries handle millions of transactions.

That technology allows punters to place bets in various currencies and languages.  The technology also permits individuals to place bets from a single account across different channels such as the Web and mobile.

- Aaron Goldstein, Gambling911.com

Business/Financial News

Bitcoin Bright Spot in Midst of Coronavirus Pandemic

Bitcoin Bright Spot in Midst of Coronavirus Pandemic

When the Stock Market started crashing a few weeks ago, cryptocurrencies followed the same downward spiral.  Suddenly on Wednesday Bitcoin and other digital currencies suddenly began to rebound.  That trend continued through Thursday.  In fact, Bitcoin was up a whopping 16.1% reaching a high of $6441.

Some Good News as Bitcoin Appears to be Bouncing Back

Some Good News as Bitcoin Appears to be Bouncing Back

Following a steep decline in the price of Bitcoin and other cryptocurrencies over the past two weeks, the price of Bitcoin was up more than 8% Thursday and creeping back towards the $6000 mark.

Sports Bettors Are Now Gambling on Stock Odds

Sports Bettors Are Now Gambling on Stock Odds

With no sports to bet on, gamblers are turning their attention to the stock market.

Bitcoin Gambling News March 12, 2020: Massive Dump Sees 2020 Gains Wiped Out

Below you will find all the latest news pertaining to Bitcoin and the world of online gambling for Thursday March 12, 2020. 

The 35 Most Influential Bitcoiners Dominating Crypto Twitter by Follower Count

Bitcoin Gambling News March 11, 2020: The 35 Most Influential Bitcoiners Dominating Crypto Twitter by Follower Count

Gambling911.com cryptocurrency service provider partner Bitcoin.com has released its 35 Most Influential Bitcoiners Dominating Crypto Twitter by Follower Count.

Syndicate