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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Betbrokers | LSE:BETB | London | Ordinary Share | GB00B1C4T436 | ORD 0.25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.25 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Betbrokers PLC 07 April 2008 Press Release 7 April 2008 Betbrokers plc ("Betbrokers" or "the Company") Betbrokers launches fixed odds financial betting website Betbrokers plc, (AIM: BETB), the UK's first retail and wholesale brokerage and clearing house for the sports betting industry, is pleased to announce the launch www.BetBrokersBinaries.com, offering clients the facility to bet on stocks, indices and foreign exchange at fixed odds. Betbrokers is the first in the UK to offer a state-of-the-art fixed odds financial betting website. BetBrokersBinaries.com is a simple, real-time, dealing system which lets clients choose from a range of different types of fixed odds financial bets. From the simple Binary Bet to the popular One Touch bet which pays out immediately when the market hits the level (strike price) the clients says it will. The site offers the widest range of bet types of any UK financial betting company. Another unique feature of the site is that it empowers clients to build their own bets; simply choose the bet type, the market, whether it will rise or fall, how much the client would like to win, and how long they would like the bet to run for. Then they can watch and trade it in real time. This is a significant deviation from the traditional betting model where the bookie offers bets to the punter - now the punter can tell the bookie what he wants and is guaranteed a fair price as the whole pricing system is automated. BetbrokersBinaries.com allows its clients to build their own stock market bets with less risk than financial spread betting, CFDs or futures trading. In addition, it is fully licensed and commission and tax free under UK law. Fixed odds financial betting creates a form of trading that is easy to follow and attracts a wide range of people. For those not familiar with financial betting, opening a virtual account at BetBrokersBinaries.com allows them to play the markets with 'virtual money' without any risk before moving on to win real money. It is great for those not keen on the risk associated with spreadbetting, providing the perfect way to have a flutter on the markets, safe in the knowledge that the risk is fixed but the rewards can be significant. Wayne Lochner, Betbrokers Chairman and CEO, said: 'We are very excited to be the first in the UK to have acquired the use of this powerful, cutting-edge technology. My vision has always been to transfer financial trading know-how to the betting arena. This technology will help us to achieve our long term strategy of providing a holistic betting model for the rapidly globalising betting industry." - Ends - For further information, please contact: Betbrokers plc Wayne Lochner, Chairman and Chief Executive Tel: +44 (0) 20 7127 9815 wlochner@betbrokers.com www.betbrokers.com Daniel Stewart & Company plc Simon Leathers Tel: +44 (0) 20 7776 6550 www.danielstewart.co.uk Media enquiries: Abchurch Communications Chris Lane / Nick Probert Tel: +44 (0) 20 7398 7715 nick.probert@abchurch-group.com www.abchurch-group.com About Betbrokers plc Betbrokers is the UK's first independent betting brokerage. The Company facilitates transactional business between both retail gamblers and wholesale clients. The Company's operations were formally launched in 2005. Betbrokers provides services, from its dedicated dealing room in London's Canary Wharf, to two groups of participants within the gambling industry: * The Company provides its retail customers with the advantage of best price execution together with the ability to deal 'in size' in a majority of sporting events. Retail customers will soon be able to access advanced data-sales and trading analysis platforms, which feed from aggregated internal price mechanisms. * Betbrokers already has agreements with over 100 bookmakers, providing them with the opportunity to take on additional bets from retail customers. Importantly, the Company also offers bookmakers a facility to effectively manage their risk exposure by hedging positions anomalously using Betbrokers as an intermediary to deal with the other bookmakers. Betbrokers floated on the AIM market of the London Stock Exchange in November 2006. Further information is available on the Company at: www.betbrokers.com This information is provided by RNS The company news service from the London Stock Exchange END NRAUUUBCCUPRGAC
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