..

Stan James buys stake in online betting firm

Written by:
C Costigan
Published on:
Nov/17/2010

Global online gaming operator Stan James Plc has announced the acquisition of a majority stake in Racing2day LLC, presided over by Belfast man Vincent Caldwell.

Racing2day is an online horse racing betting business run by horse racing owners, players, handicappers and fans, licensed by the Oregon Racing Commission and based in the US.

It offers races from more than 350 tracks worldwide.

Mr Caldwell was one of the early pioneers of online betting, starting Betinternet.com in the Isle of Man before going on to found Racing2day.

His father Charles was a well-known businessman in Belfast who owned the Royal Avenue Hotel and numerous pubs and off licences.

He said he was delighted to welcome StanJames.com as shareholders.

"Given their excellent corporate values, operating experience, marketing innovation and passion for horse racing, this is an exciting time for Racing2day," he said.

"StanJames.com's involvement will drive the development of Racing2day in offering a truly unique and independent wagering service to American and international horse racing players."

Denis Kelly, chief executive of StanJames.com, said the move would give customers access to a new and exciting range of products. "StanJames.com invests significantly into UK horse racing, and we are committed to continue our global investment in this exciting sport," he said. "We aim to boost the size of the pools by ultimately driving our European customers to the US Tote.

Business/Financial News

China's Top Regulators Ban Crypto Trading and Mining, Sending Bitcoin Tumbling

China's Top Regulators Ban Crypto Trading and Mining, Sending Bitcoin Tumbling

China's most powerful regulators on Friday intensified a crackdown on cryptocurrencies with a blanket ban on all crypto transactions and mining, hitting bitcoin and other major coins and pressuring crypto and blockchain-related stocks.

Oregon Ducks Star Kayvon Thibodeaux Launches Own Cryptocurrency

Oregon Ducks Star Kayvon Thibodeaux Launches Own Cryptocurrency

Oregon defensive end Kayvon Thibodeaux announced Thursday the launch of his own cryptocurrency.  The news comes following changes to the NCAA's name, image and likeness rules made in July.

Businesses That Have Survived Rough Times

Businesses That Have Survived Rough Times

If you have an online iGaming project and you also want to expand it with sports betting, then it’s important to have high-functioning sportsbook software. Well, the aim of any gambling or betting site is to attract as many players as possible by providing them the best experience possible.

Bitcoin Site Goes Dark After Apparent Hacking

Bitcoin Site Goes Dark After Apparent Hacking

Bitcoin.org, the website that was once the main landing portal for all things Bitcoin, today suffered an embarrassing hack that has already cost naive BTC users money.

Bitcoin, Ether Slump as Market Selloff Widens

Bitcoin, Ether Slump as Market Selloff Widens

Cryptocurrency prices sank on Monday as concerns over the spillover risk to the global economy from Chinese property group Evergrande's (3333.HK) troubles spread across financial markets.

Syndicate