TIDE TURNS FOR BET24

2 November 2007

Sportsbet firm reports third quarter profit


Sportsbetting company Bet24.com, which last year reported a third quarter loss of Euro 814 000, turned things around with the release of third quarter results this week showing a profit of Euro 206 500.

The Malta licensed company withdrew from several market regions during the year to focus on Eastern European and Scandinavian markets, and the strategy appears to have paid off.

Malta licensed Bet 24 offers sportsbook, racebook, lottery, mobile, bingo room, soft games, casino and poker room action using an interesting mix of gambling softwares that includes Parspro from Iceland, GTS, Net Entertainment and Ongame from Sweden and Dynamite Ideas from the UK. The site comes in a wide range of European language versions.

Bet24 is owned by Nordic Betting Ltd.

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