Seán Quinn has launched, QuinnBet, a new online sports betting company. It is Quinn’s first business venture since the loss of his previous building materials, packaging and insurance empire.
The online betting company has gone live after securing a gambling license, earlier this week. The company involves Seán Quinn Sr. along with a number of his family members. The company will target sports betting markets in Ireland and Britain and eventually plans on an online casino.
Since the company is entering a highly competitive market, it is speculated that it will face a considerable amount of challenges to build market share.
Many people doubt if Quinn Sr. can be successful at creating a business like people were back when he set his foot in material business, he successfully managed to create a business. Seán Quinn Sr. managed to become one of the richest men in Ireland with his fortune worth €4.7 billion. The estate net worth was based on the Quinn Group’s operation spread across a different range of sectors that included cement, glass manufacturing and financial services.
The family gave up the business after it came under billions of euro debts, mainly because of its investments in Anglo Irish Bank.