STAN JAMES SECURES BETDIRECT DEAL (Update)

2 November 2007

Stan James (Gibraltar) Limited comments on Bet Direct acquisition


Gibraltar-based bookmaker Stan James (www.stanjames.com) has commented on its acquisition of the Bet Direct online sportsbook, casino and poker operation from 32Red plc for GBP 5.75 million (see previous InfoPowa report).

The deal sees Stan James taking over UK-focused Bet Direct with a completion date of 10 December 2007.

CEO of Stan James, Peter Fisher said of the deal, "Bet Direct is a well established bookmaking brand which fits well into our existing operations. The acquisition is very exciting for everybody associated with Stan James and Bet Direct, as well as a fantastic opportunity to align our complementary strengths. We are fully committed to helping Bet Direct reach its full potential and delighted that the board of 32Red has accepted our offer. Bet Direct's future is even stronger than its past.”

Stan James’ latest announcement comes on the back of the launch of its mobile betting service, Stan James Mobile, as well as the bookmaker's revolutionary SJ Price; whereby Stan James uses its own prices for all UK Horse Racing. This innovation means that Stan James offers as good as, if not better prices than Amrac and SIS board prices, as well as also guaranteeing prices against SP, delivering better value for customers.

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