Seven Star Digital launches Irish casino comparison site
Seven Star Digital has announced the launch of TopRatedCasinos.ie, a new online casino aggregator made specifically for the Irish market.
European Gaming reports the site is fully operational and will receive significant investment in product, content and PR with the aim of quickly establishing a strong presence in the Irish market over the coming months.
The launch of an Irish presence builds on substantial growth of Seven Star Digital’s main UK casino comparion site, which was established in 2016.
“We’ve learned a lot about what it takes to run a successful casino affiliate site. Our team has built fantastic knowledge of the space, and has honed skills, technology and processes to allow us to tackle more opportunities.
“We see great potential in extending the TopRated brand to new markets and product verticals, and Ireland is a logical starting point for us,” said chief executive and founder of Seven Star Digital Luke Eales.
“While we’re sure our background will give us a head start in this new territory, we’ll be working hard to ensure we fully reflect local nuances and Irish consumer requirements in our content and product features.”
While the United Kingdom remains a key market for Seven Star Digital, the launch of an Irish presence is part of a wider initiative to increase the company’s geographic footprint.
Seven Star Digital is an online gambling comparison company that operates a number of successful brands and is headquartered in London.
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Flutter flags revenue and earnings hit
Irish gambling operator Flutter Entertainment warned investors that group revenue and earnings will take a big hit from the widespread cancellation and postponement of big sporting events around the world.
Casino News Daily reported in March that the governments and sports authorities in a number of countries have cancelled or postponed a number of high attendance sports events in a bid to contain the global spread of Covid-19.
Flutter, which last year generated 78 per cent of its annual revenue from bets placed on global sports events, said in a statement issued earlier today that it expects a significant material impact on its 2020 revenue and earnings due to the restrictions enforced by multiple national governments as they grapple with the coronavirus situation.
The gambling company said that establishing the precise impact on its full-year financial performance is difficult at this point as there is no clarity over the duration of restrictions on sports events.
BetMakers raises millions for US expansion
BetMakers Technology Group is set to raise $35 million through a placement to fund its growth into the United States.
Market Herald reported in June that under the placement, the company will offer it shares for 37 cents each.
The company says the raise has been well supported by new and existing investors.
Last week, BetMakers signed a 10-year deal to distribute and manage Fixed Odds race betting in New Jersey.
The company says it continues to see opportunities in the United States to expand its growth.
Managing director Todd Buckingham said this placement puts BetMakers in a strong position as it continues to accelerate its growth plans.
“These plans include the distribution of Fixed Odds race betting into the United States, the expansion of our Managed Trading Services offering globally and the distribution of international racing content to wagering operators in Australia, the United States and the United Kingdom,” he said.
“We are grateful for the ongoing support shown from our existing investor base as well as the strong interest from new institutional investors in BetMakers,” he added.
BetMakers’ major shareholder, Tekkorp Capital, was a cornerstone investor in the placement.
