Asian sportsbook for Alderney jurisdiction

Sportswinbet listed earlier this year under a blanket objective of investing, acquiring, developing or agglomerating companies in the online gaming sector, and this week it showed its hand in revealing plans for an Asian-facing sportsbook based in the Channel Isles jurisdiction of Alderney.

After raising GBP 3 million on the exchange with a market capitalisation of GBP 28.5 million, the company established an egaming subsidiary and applied for an Alderney licence together with a hosting deal with Cable and Wireless. Hardware and software deals with undisclosed parties have also been clinched, laying the foundations for a sportsbook, probably Asian-facing as a result of meetings with several potential Asian partners.

If all comes to fruition, the resultant sportsbook would become the second Asian-focused operation of this nature to set up shop in Alderney. Asian-owned bookmaker SAMVO, which plans to operate an international football and basketball site, has an electronic betting licence from the island jurisdiction.