Betfair Grp Share Discussion Threads

[tornadodown] 14/5/2007 20:17

14/05 - 130K Buys/0 Sells
15/05 - 120K Buys/0 Sells

[tornadodown] 14/5/2007 20:08

BETINTERNET.COM PLC
("the Company" or "betinternet.com")
INTERIM RESULTS FOR THE 26 WEEKS ENDED 26 NOVEMBER 2006

betinternet.com plc, the global on-line gaming group, today announces its
interim results for the 26 weeks ended 26 November 2006.

Highlights of the results are:

* Group turnover has increased by 53% to #43.6m (2005: #28.5m)
* European Wagering Services (EWS) pari-mutuel business has continued to grow
with turnover increasing by 247%
* EBITDA profit of #182k (2005: loss of #599k)
* Sportsbook turnover has increased by 27% to #31.8m (2005: #25.1m)
* Sportsbook margin has increased by 19% to 2.5% (2005: 2.1%)
* Group overheads have reduced by 17% to #1.39m (2005: #1.67m)


Commenting on the results, Denham Eke, chairman of betinternet, said:

"These results show that the business has moved to profitability at EBITDA
level, with a particularly strong performance from European Wagering Services ("
EWS"), the group's pari-mutuel operation, and growing revenues from the
sportsbook business. This is a significant improvement on the same period last
year and shows that the strategies put in place by the new management team are
working well."

[tornadodown] 14/5/2007 20:01

Company Profile
betinternet.com plc was founded in May 1998 and commenced trading on the 5th October 1998 from its offices based in Douglas, on the Isle of Man.

As the business developed the company launched its website operation on March 17th 2000, using the URL www.betinternet.com, an easily identifiable brand name in all countries throughout the world.

The company became betinternet.com PLC when it was admitted to the Alternative Investment Market (AIM) on the 9th May 2000 trading under the BET code.

Since the launch of the website in March 2000, the Company has become a significant and respected player in the internet fixed-odds sports betting industry. Its website now has customers in over 130 countries and provides betting opportunities 24 hours a day, 365 days a year. The website has a specific focus in the Far East region, highlighted by content directed at this market, such as Asian Handicap betting and a Live Dealer Casino.

The Company holds betting licenses in both the Isle of Man and the Netherlands Antilles.

The Company's strategy remains focused on positioning betinternet.com as a leading provider of e-commerce leisure betting services.

Part of this continued development was the announcement of the Euro Off-Track Limited Partnership, initially a 50-50 partnership with US Off-Track LLC, now wholly owned by the Company. This operation has since been renamed as European Wagering Services Limited and owns and operates an Amtote hub in the Isle of Man. This business enabled, for the first time, customers from around the world to bet directly into the US racetrack pools on greyhound, thoroughbred and harness racing events, thus creating truly co-mingled global totalisator pools.

[tornadodown] 14/5/2007 19:50

betinternet.com plc is a global gaming group providing opportunities for customers to place wagers on a wide variety of sports, through fixed odds and pari-mutuel betting, complemented by innovative casino and gaming products. The company is listed on the Alternative Investment Market in London and operates from offices based in the Isle of Man.

The company has two separate operations as detailed below:
betinternet.com is a full-featured sportsbook portal, with fixed-odds betting available on all of the major global sports including Football, US Sports, Golf, Tennis, Motor Racing amongst others. Through this portal, customers can also access an instant, download and live dealer casino as well as a suite of fixed-odds games, www.betinternet.com


European Wagering Services (EWS) owns a totalisator hub, located in the Isle of Man, through which it is able to pass wagers directly into global racetrack betting pools, in real time. As a result of operating its own hub, the company is able to provide advanced technical solutions for third party pari-mutuel operators and outlets. In addition, EWS operates a website, www.link2bet.com, as well as a telephone call centre, providing end user customers with the opportunity to bet on thoroughbred, greyhound, harness and Jai Alai at tracks around the world.


Corporate website

Main website



Site Rankings

[8para] 20/6/2004 17:16

just layed schuey from 1.65/1.69 for another £200

Looks good value

[8para] 20/6/2004 16:05

Excitement mounts lonesome

[lonesome] 19/6/2004 22:34

1st bet lay M Schumacher at 1.71 £500 to win £700 in US GP Sun

[lonesome] 17/6/2004 22:30

Will be starting with a pot of £10k

Each bet will be 5% max, worse odds 4/5

[lonesome] 17/6/2004 22:24

nO ODDS ANY SHORTER THAN 4/5 ON

NO HORSES NO DOGS EXCEPT LAYING ODDS ON FAV AT BIG METTINGS

DISCUSS ideas !!!!