Betfred £25m Investment Helps Degree53 Founder To Launch Sharp Gaming

After a £25 m investment from Betfred co-founder Fred Done, Andrew Daniels, founder of Degree 53, has announced the launch of his new gambling technology company Sharp Gaming.

Sharp Gaming, which originates from the gaming division of Degree 53, is a company that offers a full range of operating services for sports betting and gaming businesses around the world.

Daniels will take on the position of CEO at Sharp Gaming with him moving away from Degree 53’s day-to-day operation. He will keep the position of director and shareholder, while Richard Wagstaff will step up as managing director.

Daniels commented: “The online gambling industry works on various legacy technology and white label platforms that lack flexibility for operators when they’re ready to scale up.

“This is why I created Sharp Gaming to help leading brands to improve their processes, and provide products that not only offer a great experience to their customers, but the end users in the business too.

“Despite the current situation, I’m very excited to be launching Sharp Gaming and developing it into an industry-leading platform. The team’s effort to bring it to life and continue working on it remotely has been phenomenal.”

When fully operational, the company will have comprehensive features for developing digital and retail products, integrating third-party services, and enhancing the overall operator efficiency.

Daniels further added: “There are many more projects ahead and it’s only the beginning for us. I am also very happy to be leaving Degree 53 in the capable hands of Rich Wagstaff, who has been successfully running the business while I’ve been focusing on the platform.”

Sharp Gaming will now start working as a separate company, transferring its staff from Degree 53, but both will continue to work from the same office to work together on similar projects.

Wagstaff also added: “I am delighted to be stepping up to lead Degree 53. We have a talented team who are delivering amazing work for our clients. Our reputation for delivering complex, secure digital solutions in a way that delights end users has enabled us to produce high-quality work across a range of sectors.

“My focus will be on growing our reach, strengthening client relationships, and helping to improve their products and services through our expertise.”