World Sports Network Secures Venture Financing from Valhalla Investments
By Staff
Chinese consumer sports website World Sports Netwok has announced it has secured a first institutional round of venture funding from Valhalla Investments Inc. Part of the agreemner will see the Valhalla director Mark Blandford appointed director at WSN.

Both companies have had a successful 2008, with football websites and both growing in popularity and size. The recent Olympics in Beijing has coincided with a real boom in interest in sport in mainland China. The extra funding secured by WSN is expected to see the company cover additional sports leagues such as America's NBA.

The appointment of Blandford has been greeted as warmly as the financial investment. 'We are thrilled to bring on an industry veteran in Mark Blandford. Mark's success in online sports betting is unrivaled and we are excited to hear what advice he can provide us from his experience with Sportingbet and his other ventures,' said the company's CEO, Charles Gillespie. 'Valhalla's investment validates our vision of creating China's leading sports vertical. Their support has already enabled us to accelerate development of a few key projects that we will release before the end of 2008.'

Blandford is also optimistic the move will be fruitful for WSN. 'I'm delighted to be joining the board of such an exciting company as WSN. I believe the addressable market is huge and that WSN can feed the demand for more information and statistics which have an impact on the outcome of sporting events,' he commented.
Online Casino provides online gamblers with information on online casino gambling, sports betting tips, wining casino tips, internet casino reviews, sports odds, matchups, results, editorial and much, much more… We also have an industry insider’s section including Internet gaming press releases, a calendar of events and gaming industry news.
Bluff Europe: Europe's leading Poker Magazine brings you the latest Poker News, Player Interviews and all the best Online Poker offers Poker in the Park: Europe's largest Poker Festival.