Mark Blandford (Entrepreneur)
Encyclopedia
Mark Blandford is the founder
of Sportingbet plc
, at one time the world's largest bookmaking
operation and a pioneer in online gambling
. Blandford is also the former Chairman and CEO.
online. Previously the owner of a traditional ‘bricks and mortar’ bookmaking operation for over 15 years, Mark recognized the potential of the internet in the mid 1990s and sold his chain to Tote Bookmakers in 1997. In October 1998 he launched Sportingbet and in January 2001 the Company floated on the London Stock Exchange's
Alternative Investment Market
in a landmark transaction for the online gaming
industry. With Sportingbet, Blandford went on to be voted AIM Entrepreneur of the Year in 2002 and later earned the company the honour of AIM Transaction of the Year in 2005. Blandford left day to day operations at Sportingbet in 2006 and now works as a venture capital
investor.
Entrepreneur
An entrepreneur is an owner or manager of a business enterprise who makes money through risk and initiative.The term was originally a loanword from French and was first defined by the Irish-French economist Richard Cantillon. Entrepreneur in English is a term applied to a person who is willing to...
of Sportingbet plc
Sportingbet
Sportingbet plc is a British e-gaming operator. It is listed on the London Stock Exchange and is a constituent of the FTSE SmallCap Index.-History:The Company was founded by Mark Blandford in 1997. Sportingbet acquired Paradise Poker in October 2004...
, at one time the world's largest bookmaking
Bookmaker
A bookmaker, or bookie, is an organization or a person that takes bets on sporting and other events at agreed upon odds.- Range of events :...
operation and a pioneer in online gambling
Online gambling
Online gambling, also known as Internet gambling and iGambling, is a general term for gambling using the Internet.-Online poker:Online poker tables commonly offer Texas hold 'em, Omaha, Seven-card stud, razz, HORSE and other game types in both tournament and ring game structures...
. Blandford is also the former Chairman and CEO.
Sportingbet
Blandford was one of the earliest offline bookmakers to see the potential for sports bettingSports betting
Sports betting is the activity of predicting sports results and placing a wager on the outcome.-United States of America:Aside from simple wagers such as betting a friend that one's favorite baseball team will win its division or buying a football "square" for the Super Bowl, sports betting is...
online. Previously the owner of a traditional ‘bricks and mortar’ bookmaking operation for over 15 years, Mark recognized the potential of the internet in the mid 1990s and sold his chain to Tote Bookmakers in 1997. In October 1998 he launched Sportingbet and in January 2001 the Company floated on the London Stock Exchange's
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
Alternative Investment Market
Alternative Investment Market
AIM is a sub-market of the London Stock Exchange, allowing smaller companies to float shares with a more flexible regulatory system than is applicable to the main market....
in a landmark transaction for the online gaming
Online gambling
Online gambling, also known as Internet gambling and iGambling, is a general term for gambling using the Internet.-Online poker:Online poker tables commonly offer Texas hold 'em, Omaha, Seven-card stud, razz, HORSE and other game types in both tournament and ring game structures...
industry. With Sportingbet, Blandford went on to be voted AIM Entrepreneur of the Year in 2002 and later earned the company the honour of AIM Transaction of the Year in 2005. Blandford left day to day operations at Sportingbet in 2006 and now works as a venture capital
Venture capital
Venture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...
investor.