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Skybet odds error hits the headlines

on . Posted in Skybet

skybet150x50UK online bookmaker Skybet has become the subject of negative publicity, presumably after aggrieved players approached the Daily Mail newspaper with complaints that the betting company was not honouring its advertised odds.

Sky Bet takeover loan adjusted

on . Posted in Skybet

skybet150x50A £390 million (€512 million/$588 million) leveraged loan that will support the acquisition of a controlling stake in Sky Bet by investment vehicle CVC Capital Partners is set to close, according to Reuters.

The news agency said that the loan would close after margins were increased and barriers were raised on CVC's ability to take a dividend to


Sky Bet signs up to ESSA

on . Posted in Skybet

skybet150x50Online gaming operator Sky Betting and Gaming (Sky Bet) has become the latest company to join international sports betting integrity body ESSA.

Sky Bet’s decision to join ESSA increases the body’s total membership to 18 and further enhances the organisation’s ability to detect, deter and report corrupt sports betting within the regulated sector.



Sky Bet maps out recruitment strategy

on . Posted in Skybet

skybet150x50Online gaming operator Sky Betting and Gaming (Sky Bet) has unveiled plans to expand its workforce following its takeover by private equity group CVC Capital Partners.

As reported by iGaming Business, CVC will acquire a controlling stake in the operator in a deal worth up to £800 million (€1.1 billion/$1.2 billion).

In the wake of this agreement,


Sky Bet partners OpenWager to launch first social casino app

on . Posted in Skybet

skybet150x50Alderney-licensed operator Sky Betting and Gaming has launched its first social casino app which has been developed in partnership with B2B software provider OpenWager. Sky Hollywood Slots is live for Android and iOS devices, and features a number of original slot games such as Amazonia, Kitty Mansion, Hollywood Treasures and Neon Valley.

CVC to part-fund Sky Bet purchase with £390m in loans

on . Posted in Skybet

skybet150x50Private equity group CVC Capital Partners will reportedly part-fund its acquisition of a controlling stake in igaming operator Sky Bet from UK pay-television broadcaster Sky with £390 million (€497.3 million/$590.9 million) in leveraged loans.

Under the purchase agreement, which was first announced in December, CVC will acquire a controlling stake


Sky offloads Sky Bet to CVC in £800m deal

on . Posted in Skybet

skybet150x50UK pay-television broadcaster Sky has opted to offload its Sky Betting and Gaming (Sky Bet) igaming subsidiary to private equity group CVC Capital Partners in a deal worth up to £800m (€1bn/US$1.3bn).

Under the agreement, Sky will receive cash of £600 million on completion and further deferred and contingent considerations up to the value of £120m.



New hi-tech marketing technology deployed by Skybet

on . Posted in Skybet

skybet150x50British online gambling group Skybet, which is a UK football league sponsor, has introduced Apple's iBeacon technology at two Championship club stadia - Leeds United & Rotherham United, where football fans can now receive notifications in a trial program that could find its way to other football venues.

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Latest News

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Wednesday, 17 January 2018
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