Cashcade co-founders Simon Collins and Patrick Southon have announced the formation of a new digital gaming venture capital fund to be supported by Bwin.Party Digital Entertainment PLC. New Game Capital, as the fund will be called, has been set up with an initial £15m investment from the online gambling giant with the intention of investing [...]

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By Simon Collins, Director, Cashcade Ltd. Less than two months ago, the Financial Times, no less, suggested that the gambling industry was well positioned to avoid the worst of any economic downturn. Roger Blitz, the FT’s Leisure Industries Editor, wrote that gambling stocks could be considered ‘defensive’, and therefore more capable than others of withstanding [...]

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