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Betting Company Expansions for French Site |
A possible acquisition at Betclick could be just what the online casinos betting company needs to revamp the site and expand into new markets. UK media recently reported that Betclick and the Mangas Capital investment are in acquisition talks. Betclick is fairly established in the industry and is targeted at the French betting market although the company’s licensing would easily allow for an expanded market. France was in the same situation as Germany earlier this year in terms of negotiations with the European Commission about exclusionary online casino practices, but those issues will not stop Betclick from pursuing alternative markets to expand beyond the current French based market.
Betclick is a UK based online casino betting site, licensed in both Malta and the UK, but currently operating primarily for the French market. Nicolas Béraud launched the site in 2005, and the company has only continued to grow and acquire prominent endorsement deals in the three short years it has operated.
And where Betclick is a smaller company focused on one main market at this time, Mangus Capital is involved in large scale investments – and by all media accounts the company has its sites set on expanding and revamping Betclick. Mangus is well known in multiple industries, beyond just the online casinos industry, for savvy business practices and success in multiple previous business endeavors. The head of Mangus, Stephane Courbit, is highly experienced in the investment side of business and reportedly has more than a billion dollars in accessible funds.
So basically, for Betclick it means that an acquisition from Mangus would completely expand the online casino betting company’s ability to offer internet gambling services in more UK and foreign markets. |
