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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 |
RNS Number:6809D Betbrokers PLC 12 September 2007 Press Release 12 September 2007 Betbrokers plc ("Betbrokers" or "the Company") Exclusive agreement with 'The Gold Sheet' Betbrokers plc, (AIM: BETB), the UK's first retail and wholesale brokerage and clearing house for the sports betting industry, is pleased to announce that it has acquired the exclusive rights to distribute 'The Gold Sheet', an American handicapping information service, in all territories outside of North America. This new service will be available to both wholesale and retail clients. The agreement demonstrates that Betbrokers is delivering on its stated strategy to build a comprehensive sports information and data sales platform to complement the core brokerage business, drawing on the proven model that has evolved in the world's financial markets. Together with the impending complimentary acquisition of Winning Edge, Betbrokers is now the foremost source of handicapping data on US sports outside North America. The Gold Sheet has been established for over 50 years and draws on a wide range of established connections, experts, and handicappers on US sports. Available to both Betbrokers' wholesale and retail clients, the Gold Sheet is accessible every Tuesday through the Company's website www.betbrokers.com or by email at a charge of #5 per week, giving customers access to this highly regarded information service across US sports such as NFL, NBA, NHL. Soon, this will also include MLS and USPGA Golf. Through this additional sports data offering, Betbrokers is able to serve the growing demand from non-US residents betting on American sports. This new service will not only allow existing customers to access information on US sports but is also expected to bring the Company new customers through online subscribers to the Gold Sheet. Betbrokers has the exclusive right to distribute the Gold Sheet information through both print and online methods outside North America, which offers global opportunities for distribution. The Company intends to take this product into global markets by establishing partnerships with local publishers; the product will be customised in the local language, but with the same high quality content and well recognised branding. Included in this agreement, Betbrokers has also acquired the rights to the Gold Sheet College and Professional Football Annual, and can also use all editorial content generated by Nationwide Sports, the parent company of the Gold Sheet, thereby allowing customers information on a wider geographical spread of sports. Initially, revenues will be derived from online subscriptions, and will be divided between Betbrokers and the Gold Sheet. Wayne Lochner, CEO of Betbrokers, commented: "I am delighted that we have acquired the rights to this highly regarded product; it enables us to exclusively offer invaluable information on US sports which has become increasingly popular in recent years. The global possibilities for the product are vast, and the Board is excited about the opportunities that we will intend to fully exploit. There is currently little information available about US sports for bettors in the UK, and we are pleased that as stated in our strategy, Betbrokers is at the forefront of this increasing interest, offering comprehensive and otherwise unavailable information through our strategic partnerships." - Ends - For further information, please contact: Betbrokers plc Wayne Lochner, Chairman and Chief Executive Tel: +44 (0) 8448552100 wlochner@betbrokers.com www.betbrokers.com Hanson Westhouse Limited Tim Metcalfe / Matthew Johnson Tel: +44(0) 20 7601 6100 tim.metcalfe@hansonwesthouse.com www.hansonwesthouse.com Media enquiries: Abchurch Communications Chris Lane / Franziska Bohnke Tel: +44 (0) 20 7398 7716 franziska.boehnke@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 AGRSFLFIFSWSEDU
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