One of the most popular online casinos catering to
UK-based players, 32Red Online Casino, announced they have acquired the
online gambling site, Bet Direct, from Sportech Plc, with a price tag of over
£11 million, as well as assuming Bet Direct's pending financial liabilities.
In what very well looks like a move for 32Red to become a comprehensive online
gambling site and keep up with the best in the business, like Ladbrokes, William
Hill, BetFair and Bodog, the acquisition is being met with welcome arms by
investors.
The flotation of 32Red Online Casino on the
Alternative Investment Market of the London Stock Exchange nearly nine months
ago, further validates the company's mission of enlarging their clientele
database, as well as offering a more diverse selection of internet betting and
online casino-related options. As demonstrated by 32Red Casino CEO, Ed
Ware, the acquisition of Bet Direct confirms the commitment of 32Red to
diversify its online gambling portfolio, and tap into an increase of available
avenues for marketing and distribution. Also considering the recent move
by 32Red Casino to become the official club sponsor of Aston Villa Football Club
for the next two seasons (getting their name on the team's jerseys), the casino
most certainly deserves the increased traffic and revenue they are now getting.
Bet Direct employees will continue to hold their
positions, as the management of 32Red welcomes them to their ranks, and takes on
the new challenges of cross-promotion and uniform policy making. Those who
had gotten wind of the acquisition ahead of time, were concerned that 32Red
would be trying to merge the assets of both companies into a single brand.
However, that does not appear to be the case, and rightly so, considering the
popularity of both brand names on their own. Bet Direct, which is not to
be confused with Bowman's Bet Direct, is actually a product of Littlewoods, and
has been one of the Uk's top betting businesses in the UK, offering telephone
and land-based betting services for several years. Their online division
was launched in 1998, after which, Bet Direct began offering interactive
television betting, online poker, and mobile sports betting via cell phones.
At the current time, both 32Red Online Casino and
Bet Direct continue to offer their members the same services. For Bet
Direct, this primarily consists of sports betting with a UK focus that offers
horse betting, cricket, greyhounds, and soccer bets to name a few. For
32Red Online Casino, business primarily consists of online poker tournaments and
casino games like roulette, craps, baccarat, blackjack and video machines.