Sports bet group stacks up chips.

4m in the previous 12 months. 4m in the 16 months to July 31, against pounds 1. 6m.

AIM-listed Sportingbet, which makes much of its cash from bets on major horser acing events and basketball in the United States, will add 721, 000 customers to its existing 1. 2 million through the purchase.

It came as it posted pre-tax profits of pounds 5. 1m).

Sportingbet, which is already the world’s biggest on line sports betting group, said the move would create a “one-stop shop” for all types of gaming and betting.

. Around 120 employees work in the UK.

The group said the number of sports bets rose by 36% to 31. 43bn during the 16 months, up from pounds 969. All rights reserved.


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It has markets in Europe, Australia and the United States with a total workforce of 460 staff in the busy August to March period. Shares soared 12%.

INTERNET betting firm Sportingbet more than doubled in size yesterday after buying Costa Rica-based Paradise Poker for $297. 2 million.

As well as sports betting, London-based Sportingbet already offers an on line casino, bingo and gaming.

Under the deal, gamblers will be able to play poker through the existing Sportingbet website.

Turnover was pounds 1. 9 million in the past year, while the number of registered customers was 30% higher at 1. 5m (pounds 169. Paradise Poker was set up in 1999 and is the world’s third-largest on line poker company with an estimated 10% share of the market.

Copyright 2004 Gale, Cengage Learning

Posted by admin on April 29th, 2015 :: Filed under Uncategorized
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