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.
COPYRIGHT 2004 MGN Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
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
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