Financing News

Entain to invest £100m in new Ennovate global innovation hub

London-listed betting and gaming operator Entain will invest up to £100m to launch a new global innovation hub, Ennovate, which aims to deliver new experiences to customers.

Ennovate will invest up to £100m in innovation projects, start-up investments and collaborations with UK, European and global partners, with £40m specifically earmarked for [...]

4 mins read

Gambling operators among businesses negatively affected by excessive AML efforts

The European Banking Authority (EBA) has warned that unwarranted de-risking and ineffective management of anti-money laundering risk by European banks is having a detrimental impact on certain sectors of the economy, including gambling operators.

The Opinion published this week by the EBA follows recent research by the banking authority, which found [...]

1 min read

Voxbet secures funding from Tekkorp Capital and Waterhouse VC

iGaming technology provider Voxbet has secured strategic funding from a group of international investors led by Matt Davey and Tom Waterhouse.

Formerly known as Onionsack, Voxbet allows sports bettors to request what they want from a sportsbook via text or speech, and will look to accelerate its growth after attracting investment [...]

3 mins read

BetConnect attracts leading gaming investors

UK-based betting exchange operator BetConnect has secured funding from multiple international investors as it bids to expand its global footprint. 

The company has secured new investment from Australian sectoral specialist Tom Waterhouse, CIO of Waterhouse VC, ex-Fox Bet CEO Robin Chhabra and ex-Fox Bet board advisor and grand parade founder Andy Clerkson. [...]

3 mins read

Lottery app Jackpocket raises $120m to fund growth

New York-based mobile lottery provider Jackpocket has raised $120m in Series D funding as it looks to expand its operations across the United States and internationally.

The funding will fuel a series of new additions to the Jackpocket team to support its geographic expansion, as well as development of new verticals [...]

1 min read

Boom Entertainment raises $15m to expand into sports and iGaming

New York-based sports gaming app developer Boom Entertainment has raised $15m in funding to enable the supplier to expand into the real-money sports betting and iGaming sectors.

The Series A funding was led by Sands Capital, alongside a whole host of investors including New York-listed operators Golden Nugget Online Gaming and [...]

2 mins read

Sportradar sets out plans for $532m Nasdaq IPO

Sportradar has laid out plans for a $532m initial public offering on the Nasdaq Global Select Market under the ticker symbol SRAD.

The sports data and solutions provider has appointed J.P. Morgan, Morgan Stanley, Citigroup and UBS Investment Bank to act as lead book-running managers for the proposed offering, which consists [...]

1 min read

Entain extends SportsAid partnership and doubles funding

London-listed betting and gaming operator Entain has extended its long-term partnership with British sports charity SportsAid.

The Entain Foundation will double its financial backing to SportsAid, taking its total commitment to around £500,000 to provide critical funding to the most talented young British athletes all the way through to the Paris [...]

4 mins read

Chalkline closes $2.7m funding round

Sports-focused customer acquisition specialist Chalkline has closed a $2.7m Series A funding round led by Parlay Capital Holdings and Patrick Conroy.

The new investment will support Chalkline's product development and the commercial growth of its player acquisition and retention solutions into new markets.

Chalkline provides freeplay and real money games to the [...]

1 min read

UK Government provides £21.5m loan to support British Racing

The UK Government has lent its support to the British horse racing industry by providing a ten-year loan of £21.5m as part of its Sport Winter Survival Package.

The funding will support racecourses and participants as the sport continues its recovery from Covid-19, with more than £400m lost in racecourse revenue [...]

1 min read

Sporttrade raises $36m ahead of betting exchange debut in New Jersey

Philadelphia-based Sporttrade has raised $36m in funding as the company prepares to debut its sports betting exchange in the United States.

The coalition of investors from both the financial and gaming industries includes lead investor Jump Capital, Impression Ventures, Hudson River Trading, Tower Research Ventures, former MGM Resorts CEO Jim Murren, [...]

1 min read

Smarkets secures new investment to fund US and international growth

Betting exchange operator Smarkets has secured a minority investment from private equity firm Susquehanna Growth Equity (SGE) to accelerate its US expansion.

The Series B funding from Pennsylvania-based SGE will allow Smarkets to accelerate its rollout in the United States, where it is already live in Colorado with its SBK sportsbook [...]

2 mins read
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