October 23 - UK tele viewers are probably familiar with the very popular reality investment show called Dragons' Den, perhaps best described as an Idols for entrepreneurs. The judges, however, are actual "angels", potential investors who can back winning small business ideas with their own money.
Last night a new record for individual investment from a Dragon was set when the online gaming company, Gaming Alerts, attracted 200,000 quid in investment capital from the Dragon Theo Paphitis. In this time of uncertainty for the online gambling industry as a whole it is refreshing to see that many wise investors feel there is a lot of life left yet.
Gaming Alerts has a simple business model, which has proven successful in other online sectors - namely sending users a desktop alert every time a new bonus, or free betting offer, or freeroll poker tournament is added by an online casino, poker room, or bookmaker.
Users will initially fill in a form telling Gaming Alerts the offers they're interested in and when there is a match they'll then receive instant notification on their desktop.
Theo Paphitis heads up a 350-store retail chain and has turned a lot of businesses into huge success stories. Imagine what he could achieve with the Insider, although we wouldn't come quite as cheap as those chaps that were in the Den last night!
Still, it is good news for online gambling news portals and we wish them every success with their venture.
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