Stan James Buys Interest in US-Based Online Horse Racing Site

Written by:
Aaron Goldstein
Published on:
Stan James

One way for European online gambling firms to enter into the US market and gain an important foothold ahead of their rivals:  Acquire or buy interest in legal US-based Internet firms.  Betfair has already done so and now Stan James is following suit.

The Racing Form on Monday reported that the UK-based firm has bought a majority share in, a small U.S. account-wagering operator.

Horse racing wagering over the Internet was exempt as part of the Unlawful Internet Gaming Enforcement Act (UIGEA) passed in October 2006.

As part of the deal, Stan James purchased a 50.1 percent stake in the website, according to Vincent Caldwell, President of the account-wagering company.  He did not immediately release the exact amount of the stake to the Racing Form. 

The website was launched approximately two years ago.  The company claims that over $1.1 million had been bet during the first half of this year.

The two largest account-wagering companies, Television Games Network and, had handles of $310.7 million and $257.3 million, respectively, according to the Racing Form.

In recent years, Stan James has become one of the leading online bookmakers in the United Kingdom. 

The company was established in 1973 and is now based in both Marina Bay, Gibraltar with offices in Abingdon, Oxfordshire.

An October 2009 report claims that Stan James had become the third-most popular bookmaker on odds-comparison website, behind Betfair and bet365.

- Aaron Goldstein, 

Business/Financial News

Start My Own Online Sportsbook From Canada

Start My Own Online Sportsbook From Canada

The Raptors were on the verge of making it into the NBA Finals for the first time in their history.

Trial Sports Book Sofware

Trial Sports Book Sofware

Our friends at Wagerhome are offering up to a 4 week free trial period to test what they claim to be the most advanced sports book software.

60 Minutes Looks at Bitcoin

60 Minutes Looks at Bitcoin ...And the Guy Who Spent $800 Million of it on Pizza

This Sunday May 19 at 7 pm EST on CBS (though most certainly delayed a bit with the conclusion of the PGA Championship), the long running CBS news magazine takes a look at the cryptocurrency bitcoin.

Bitcoin Eclipses $8K Mark

Bitcoin Eclipses $8K Mark

Just a day after Bitcoin shot over the $7000 mark, the cryptocurrency has now peaked at over $8000, hitting $8169 before dropping back to around $7900 Monday night.

Create a Bookie Website

Create a Bookie Website

You can create a fully customized professional bookie website in under an hour, no matter where you live, no matter how many customers and for just a mere $5 per player per week.