..

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

Written by:
Aaron Goldstein
Published on:
Nov/01/2010
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 racing2day.com, 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 racing2day.com 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 Twinspires.com, 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 oddschecker.com, behind Betfair and bet365.

- Aaron Goldstein, Gambling911.com 

Business/Financial News

 Regulators Jumping on Stablecoins....Hmmm We Wonder Why (Sarcasm)

Regulators Jumping on Stablecoins....Hmmm We Wonder Why (Sarcasm)

Having been covering the online gambling scene for more than two decades, we know the signs.  Let's just say we've seen the apology from TERRA's founder countless numbers of times.  It's the same 'ol script.  It never ends well and never will.

Craig Wright vs. Peter McCormack Libel Trial Gets Underway

Craig Wright vs. Peter McCormack Libel Trial Gets Underway

Meanwhile, the BSV Blockchain Conference is about to get underway in Dubai as the CoinGeek team gathers there.  Gaming is expected to take center stage.

Find Elon Musk Twitter Odds: Promises to Allow Trump Back on Platform

Find Elon Musk Twitter Odds: Twitter Acquisition No Longer a Sure Thing

Elon Musk has closed on deal worth around $44 billion in cash, Reuters reports.  Musk now says he wants to slash Twitter offer based on the number of bots.

Dow Jones Betting Total Closing Day June 30 Now 32250.5 Points

Dow Jones Betting Total Closing Day June 30 Now 32250.5 Points

The Dow sank 1,000 points on Wednesday, or 3.2%, as dismal results from Target renew fears that inflation is battering companies.

Betting Markets Indicate No Musk Takeover and Falling Twitter Stock

Betting Markets Indicate No Musk Takeover and Falling Twitter Stock

Elon Musk taking over Twitter seems like a 50-50 proposition at this point, but the people who crunch numbers for a living are giving it even less of a chance.

Syndicate