Mark Blandford the well known founder of Sportingbet has set up a new venture capital company with some £100 million war chest named Burlywood Capital.
Neil Goulden, the former Gala Coral Group chief executive officer & Panmure Gordon investment banker Andrew Burnett are understood also to be involved in the private equity venture, that will be chaired by Sir David Michels who was the former Hilton Group executive.
The fund is looking to invest in a multiple range of businesses that includes online poker, social gaming and pay-to-play entertainment, the venutre will start the launch at the end of August with an initial £50 million, then raising to the full £100 million early in 2013.
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