New additions at spread-betting group

Spread-betting group Sporting Index has announced the arrival of two new individuals to its board, it has emerged.

The firm, which also provides punters with casino and poker games, has made these appointments as it prepares to expand to an overseas market, the Sunday Times reports.

As a result of the reshuffle, former non-executive director of gambling company Betfair, Nick Irens, will become Sporting Index’s chairman and entrepreneur Chris Akins is to take the role of non-executive.

Mr Akers is known for selling Sports Internet Group to BSkyB for £300 million in 2000 and Mr Irens is a non-executive at stockbroker Evolution.

They will help the company in its planned marketing partnerships and financial acquisitions, the newspaper indicates.

Currently, Sporting Index is receiving record levels of money in conjunction with this month’s football World Cup.

It was reported last week that the company’s turnover has been positive, yet the results have been unfavourable due to the lack of upsets in the tournament.

Sporting Index’s Wally Pyrah told thisismoney.com: “Turnover has been really good so far but the results have been horrendous for bookies. The favourites won 16 of the first 20 games.”

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