Online Sports Betting Company WinView Raises $12 Mil in New Round of Financing

Written by:
Guest
Published on:
May/15/2017

US-based online sports betting firm WinView.com planned to announce it has raised another $12 million in a second round of financing on Monday.

The backers are Graham Holdings, the former owner of The Washington Post; Discovery Communications; Ted Leonsis, the owner of the Washington Wizards and the Washington Capitals; and LionTree, a boutique investment bank.

Unlike traditional online sports betting companies, WinView.com will not be offering cash bets.  Instead, the social media platform will allow its customers to place free bets for real prizes.  These bets can also be placed throughout the game, a concept that has become extremely popular in recent years via LIVE IN-PLAY WAGERING.

From the WinView.com website:

WinView is the perfect complement to fantasy sports and brings you into the action like never before during nationally televised NBA games. Play along live while watching TV in quarter-long contests. Compete against your friends, family and fellow fans to see who performs best under pressure. If you think you know what’s going to happen next, it’s your big chance to win even bigger!

Gambling News

PokerStars Hopes to Mend Fences With Poker Community

PokerStars Hopes to Mend Fences With Poker Community

PokerStars, after being purchased by Amaya Gaming in 2014, has turned its back on its professional player customer base in hopes of building more recreational patronage. 

Lawmaker Pleads Guilty in Case Linked to Illegal Gambling

Lawmaker Pleads Guilty in Case Linked to Illegal Gambling

A lawmaker accused of using his political influence to benefit an illegal gambling ring pleaded guilty Tuesday to two misdemeanor charges.

Atlantic City Gambling Revenue Down in July

Casino revenue in Atlantic City was down last month 2.7 percent over last year, yet the seven remaining casinos saw a slight increase.

Casino Bosses Sue High Stakes International Gambler

Bosses at London's Les Ambassadeurs Club told a High Court that an international high stakes gambler’s checks had bounced to the tune of £470,000.

Disney Throws Down Another $500K to Stop Gambling Expansion

Disney Throws Down Another $500K to Stop Gambling Expansion

Disney is doubling down on its push to prevent gambling expansion in the Sunshine State.

Syndicate