LEISURE AND GAMING LANDS MORE ITALIAN LICENSES

12 January 2007

Another 47 permits for betting group's Betshop subsidiary

The latest Leisure and Gaming trading update reveals that the company has acquired an additional 47 Italian gambling licenses through subsidiary Betshop, and reports that the company expects its results for the year ended December 2007 to be in line with expectations.

Company spokesmen said L&G had successfully restructured its operations following the disposal of its US-facing businesses, with Italian-based Betshop driving the group’s revenues, and that the company was “...encouraged by the growth opportunities in the Italian market”.

L&G acquired Betshop in June 2006. The European betting and gaming business comprises three operating divisions:

BetShop Italia, a franchised chain of over 800 branded shops and networked retail gaming outlets offering sports betting via terminals across Italy;

BetShop.com, a pan-European online sports betting and casino gaming business licensed in Malta and operating in eight languages; and

GoalsLive.com, a soccer information and results portal service for internet and particularly mobile phone users.

In addition to Italy, BetShop is focused on working with governments and regulators to develop its franchised sports betting and gaming retail shop network in Central and Eastern European markets including Poland, the Czech Republic and Romania, as well as in Lebanon.

Online Casino News courtesy of InfoPowa

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