Sporting Index

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Sporting Index Ltd
Private Limited Company
IndustryFinancial Services
Founded1992
HeadquartersLondon, UK
Key people

Simon Trim (CEO)
Andrew Woolley (Chief Financial Officer)
Martin Pates (Finance Director)
Peter Wallis (CTO)
Number of employees
300
Websitewww.sportingindex.com

Sporting Index is a British-based company specialising in sports spread betting. It claims an estimated UK market share of over 70%.[1] The company offers spread bets on a wide variety of sports, politics and showbiz events, as well as a portfolio of unique virtual games and an online casino. Business-to-business trading and risk management services are also offered to a large number of international betting and gaming operators under the Sporting Solutions brand.[citation needed]

History[edit]

Sporting Index was founded in April 1992 with 5 members of staff and a handful of clients.[citation needed]

In July 2001 Sporting Index launched the first fully interactive internet-based sports spread betting website.[2] Since 2004 Sporting Index has also hosted casino and sports related virtual games based on the concept of spread betting.

In 2002 UK private equity firm Duke Street Capital backed a management buyout of Sporting Index, led by then CEO Richard Glynn, for £52.7 million.[3] A secondary buyout saw HgCapital acquire the company from Duke Street Capital for a total cash consideration of £75.8 million in October 2005.[4]

Sold in 2015 for an undisclosed sum to Swedish businessman Magnus Hedman.

In March 2016, Simon Trim was appointed as the new Sporting Index CEO following the departure of Warren Murphy.[1]

Operations[edit]

With offices based in London and Wigan, the company offers spread bets on a wide variety of sports, political and showbiz events, as well as a portfolio of unique virtual games and an online casino.

Clients transact 24/7 via its mobile phone applications, website and a voice telephony service.[citation needed]

Sporting Index is the B2C division of the Sporting Group, one of the world's leading names in sports betting technology and trading. The Group employs almost 300 staff and has two principal divisions.

The Sporting Group's B2B division, Sporting Solutions, Is the world-leader in supplying premium sports betting software and data services to leading global betting operators, especially Tier 1 firms and lotteries.

Sporting Solutions supplies a number of leading bookmakers including Sky Betting and Gaming, Danske Spil, TABCorp and Singapore Pools.

Regulation[edit]

Sporting Index is authorised and regulated by the UK’s Financial Conduct Authority (FCA) and the UK Gambling Commission.[5]

References[edit]

  1. ^ Kollewe, Julia (2005-10-19). "Sporting Index bought by Hg Capital for £76m". The Independent.
  2. ^ "Cool deal for Sporting Index". The Gambling Press Online.
  3. ^ Goodman, Matthew (2002-12-08). "Sporting Index in £55m sale". The Sunday Times.
  4. ^ "HgCapital puts its money on Sporting Index". Edinburgh Evening News. 2005-10-19.
  5. ^ "Sporting Index". FSA Register.