LONDON'S REDBET TO RELOCATE TO MALTA

17 October 2008

LGA approval clears the way for a Mediterranean move

 

The betting exchange, online casino and poker operations of Swedish and London Internet gambling firm Redbet Limited will be relocated to the Mediterranean island of Malta by the end of 2008, according to a report from Reuters news agency this week.

The company, which uses Entraction and NetEnt software and operates the The Poker Club, Two Bullet Poker, Legato Poker, Whitebet, Kickoff Poker, Poker Panthers, Goalwin and Redbet websites has been fully inspected and approved by the Malta licensing authority the LGA.

Redbet Limited is a wholly owned Malta subsidiary of Red Bet Holdings AB. CEO Jonas Sundvall said in a company statement that everything would be up and running in Malta before the end of the [current] year.

RedBet was established in 2002 by RedBet Ltd of London, England, but did no go live on the Internet until 2004. The company is headed by Swedish programmers and highly experienced sports betters and supplies a commendably comprehensive amount of corporate information on its website.

The company reported turnover in January 2008 up 17 percent to SEK13.27 million (Euro 1.4 million).

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