Sky Bet

Headquartered in Leeds, Sky Betting and Gaming was formed in 2001 and has since grown to become one of the UK's leading online bookmakers with a strong track record of innovation.

As one of the first bookmakers to recognise the potential of online and then mobile platforms for betting and gaming, Sky Betting and Gaming today operates five major online products: Bet, Vegas, Casino, Poker, and Bingo. Its success means it has risen to be the fifth biggest player in the UK market, up from ninth five years ago. Over the same five-year period, the business has delivered an annualised growth in operating profit of over 40 per cent and a fourfold increase in revenues. Oddschecker, the award winning odds comparison website, is also part of the Group.

We have seen rapid growth in the business over the last few years, driven by our focus on cutting edge technologies and digital trends such as mobile and agile software development. The completion of this deal with CVC gives us the best of both worlds in that we can invest and grow rapidly whilst retaining the brand and support from Sky.

Richard Flint, CEO

Date of investment

March 2015

Fund

Fund V

Business

Online sports betting and gaming

Country

UK

Turnover

£183 million

Number of employees

530

CEO

Richard Flint

Company website

www.skybet.com