Touchbet ltd owner Magnus Hedman has been confirmed as the majority buyer of Pinnacle Sports, as his new enterprise looks to extend its presence within the European sports betting market.
Pinnacle Sports CEO Paris Smith revealed to industry news source EGR Magazine that Hedman had become the company’s majority shareholder. The CEO stated that the company felt no pressure to reveal its buyer, and that it had chosen to reveal Hedman at the appropriate time for its operations.
Smith has further credited Hedman with helping Pinnacle Sports’ gain it’s Malta Gaming Authority License. Pinnacle’s CEO said that she looked forward to working with Hedman who had big objectives for the operator.
Hedman who is the owner of B2B risk management supplier Touchbet, has further been identified as the majority buyer of UK spread betting firm Sporting Index for a reported £40 million from HgCapital.
The Sporting Index deal is pending approval from the Financial Conduct Authority. It is believed that Hedman beat-off competition from Betgenius and GVC Holdings for the acquisition of Sporting Index.
Showing posts with label Sporting Index. Show all posts
Showing posts with label Sporting Index. Show all posts
April 16, 2015
November 08, 2007
PartyBets doubles up with Sporting Index
PartyGaming, the world’s leading listed online gaming company, has launched a comprehensive fixed odds horse racing service on its PartyBets.com platform through an alliance with Sporting Index. The new service features full coverage of UK, Irish and premier international race meetings including unique early prices, ante post markets and specials.
All horse racing odds compilation and associated trading advisory services for PartyBets.com are being provided by Spin Services, a newly created wholesale division within Sporting Index. The PartyBets racing service launch is also being supported with an innovative promotion where winnings are doubled on the first and fifth bet for all new customers.
A spokesman for PartyGaming said: “The traders at Sporting Index are well known for being amongst the very best in the industry and have made the company the recognised world leader in spread betting. Teaming up with Sporting Index to expand our fixed odds betting services is a winning combination.”
Richard Glynn, CEO of Sporting Index, said: “Spin Services has been designed to assist the wider gambling and gaming industry with all its trading needs. We are delighted to be enabling PartyBets to offer its customers a first-class comprehensive horse racing service.”
http://www.partygaming.com/images/docs/070811_Sporting_Index.pdf
All horse racing odds compilation and associated trading advisory services for PartyBets.com are being provided by Spin Services, a newly created wholesale division within Sporting Index. The PartyBets racing service launch is also being supported with an innovative promotion where winnings are doubled on the first and fifth bet for all new customers.
A spokesman for PartyGaming said: “The traders at Sporting Index are well known for being amongst the very best in the industry and have made the company the recognised world leader in spread betting. Teaming up with Sporting Index to expand our fixed odds betting services is a winning combination.”
Richard Glynn, CEO of Sporting Index, said: “Spin Services has been designed to assist the wider gambling and gaming industry with all its trading needs. We are delighted to be enabling PartyBets to offer its customers a first-class comprehensive horse racing service.”
http://www.partygaming.com/images/docs/070811_Sporting_Index.pdf
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