BLANDFORD JOINS WSN BOARD
12 December 2008
Venture funding from Valhalla obtained
Veteran online gambling entrepreneur and businessman
Mark Blandford, who founded Sportingbet among other
successful ventures, is to join the board of
China-facing World Sports Network following a first
institutional round of venture funding from his Valhalla
Investments Inc., an Alderney based venture capital
investor specialising in the leisure sector.
Both WSN’s English (www.wsn.com) and Chinese (cn.wsn.com)
football websites have grown markedly in popularity and
size since their initial launch less than a year ago and
now serve millions of page views a month, a company
spokesman said this week. The recent Olympics in Beijing
has coincided with a real boom in interest in sport in
mainland China, and the extra funding 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," said the
company's CEO, Charles Gillespie. "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. Valhalla's
investment validates our vision of creating China's
leading sports vertical. Its 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 News courtesy of
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