|Summary: UK’s Gaming Insight invests in online greyhound gambling service.|
Gaming Insight, is gambling 2 million pounds worth of shares at the dog track. The owner of the UK’s Internet betting sites is selling the shares on the stock exchange to invest in a new gambling service focused on greyhound dog racing.
In a statement to the press Gaming Insight has announced that it is teaming up with Victor Chandler Group to create the new company Red Bet Racing. This company will launch the online greyhound betting service using Victor Chandler’s gambling infrastructure and customer database. Red Bet Racing will then continue to develop the service.
Finance for Red Bet Racing will come from the sale of 200 million new ordinary shares. These are due to hit the market for trading on 14th January on the Alternative Investment Market, AIM.
Gaming Insight Chairman Nigel Robertson seems to feel the bet is as good as won: “Red Bet Racing will enable Gaming Insight to accelerate its development into a significant player in the worldwide greyhound racing market.''