AGM Statement
July 14 2006 - 2:01AM
UK Regulatory
RNS Number:2021G
BETonSPORTS PLC
14 July 2006
14 July 2006
BETonSPORTS plc
Annual General Meeting Statement
At the AGM to be held at 2pm today at County Mark House, 50 Regents Street,
London W1 David Carruthers, Chief Executive of BETonSPORTS plc, one of the
world's largest US and Asia-facing online gaming companies, will report that
current trading is in line with the positive outlook expressed when preliminary
results and quarter one KPI's were announced on 18 May. Full second quarter
KPI's will be reported on 16 August and half year results will be announced on
the 18 September.
The integration of recent acquisitions, Hooball.com and 777ball.com, into the
Easybets operation is on track; the infrastructure performed faultlessly during
the weeks of hectic World Cup activity and broadened payment processing channels
proved their worth.
The World Cup period has delivered in excess of ten thousand new real money
Asian customer sign-ups for Easybets, Hooball and 777ball. Robust cross selling
from sportsbooks to casino has produced a particularly positive performance in
the Asian casino offerings.
Cross selling initiatives continue to drive volume across the Group and add to a
confident outlook.
Commenting on the consolidated Easybets, Hooball, 777ball business, David
Carruthers, Chief Executive of BETonSPORTS plc, said "At acquisition we regarded
the timing as propitious. Hooball.com and 777ball.com have high soccer profiles
and I am in no doubt that through these brands the World Cup has given instant
impetus to the business. We have attracted impressive sign-ups and our focus is
now on retention and maintaining momentum. To date, the attention we have paid
to cross-selling mechanisms and enhancing the entertainment experience has
produced encouraging results.
In the US, further to the passing of BillHR44111 in the House of Representatives
(which was widely predicted), we continue to believe that the likelihood of the
bill passing the Senate is remote."
Ends
Enquiries:
BETonSPORTS plc
David Carruthers (Chief Executive) +44 (0)7795 654806
Citigate Dewe Rogerson
Ginny Pulbrook / Ged Brumby +44 (0)20 7638 9571
Notes to Editors
1. BETonSPORTS (BSS) is one of the world's largest US and Asia-facing, on-line
gaming companies offering sportsbook, casino and poker. The company was
admitted to trading on AIM, London Stock Exchange in July 2004.
2. The Group gained its first Internet sportsbook operating license in Antigua
in 1997. At the peak of high season in the financial year ended 5 February
2006, it employed over 1,600 employees in Antigua, Costa Rica, Malaysia and
the United Kingdom.
3. BETonSPORTS.com has been ranked the number one sportsbook by a number of
leading industry organisations, including the Offshore Gaming Association
(OSGA), and the International Sports Book Council (ISBC).
4. Over 40 million gaming bets were placed with the Group in the financial year
ended 5 February 2006. This equates to more than 75 bets accepted per
minute, and approximately 90% of all the bets received were taken over the
Internet. Further information on the company can be found at http://
www.bosplc.com/
This information is provided by RNS
The company news service from the London Stock Exchange
END
AGMGUURCMUPQUQC
Betonsports (LSE:BSS)
Historical Stock Chart
From May 2024 to Jun 2024
Betonsports (LSE:BSS)
Historical Stock Chart
From Jun 2023 to Jun 2024
Real-Time news about Betonsports (London Stock Exchange): 0 recent articles
More Betonsports Plc News Articles