Betbull Holding SE
- WKN: A1C86G
- ISIN: AT0000A0KPX9
- Land: Österreich
Nachricht vom 18.10.2007 | 17:55
Betbull announces partnership with bwin Interactive Entertainment AG to offer retail betting in Spain.
Betbull Plc / Joint Venture
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
----------------------------------------------------------------------
Betbull announces partnership with bwin Interactive Entertainment AG to
offer retail betting in Spain.
Betbull announces plans to team-up with bwin Interactive Entertainment AG
as strategic partner in a Spanish Joint Venture piloting and rolling out
licensed retail betting outlets in the Madrid area under the bwin brand.
Betbull is confident that the partnership with the biggest online
sportsbook in Europe can provide the retail operation with a positioning in
the market place that will ensure immediate public awareness and reinforce
the company’s strategy to become a leading retail provider in Spain.
The Joint Venture intends to move quickly to complete the licensing process
with the Authorities in Madrid and to secure leading retail locations. The
first shops shall be launched in the first quarter of the year 2008 under
the bwin brand roof, piloting for the first time the transfer of the well
known online brand to the retail sector.
Details about funding and structure of the Joint Venture will be published
after completion of the licensing process.
Commenting on today’s announcement Simon Bold, Director of Betbull, said:
'The addition of one of the largest betting and gaming operators in Europe
can only strengthen what we have already: solid experience, know how and
product innovation in the European retail market. We are looking forward to
working with bwin and leveraging off their considerable market recognition.
The forthcoming year will see the fruition of many months of planning and
fine tuning of our betting products and systems for the Spanish market.
We are confident we have the knowledge, product, resources and now brand
awareness to become a major retail presence in the Province of Madrid and
eventually across Spain as further liberalization of the gaming market
unfolds.'
ENDS -
Contact
David De Marco, Group Finance Director
Phone +356 21480131
Fax +356 21480132
Please note the new registered address:
Betbull plc, 15 Fetter Lane, (Bird & Bird), London EC4A 1JP, United Kingdom
Registered Company Number 05044730
This communication can be downloaded from the website www.betbullplc.com.
About Betbull
Betbull's goal is to establish itself as one of the leading Continental
European retail bookmakers. The Betbull group holds bookmaking licences in
the UK, Austria, Malta and horse betting licences in select districts of
Germany and Spain.
The high caliber management team (Simon Bold, David De Marco, Alexander
Leip, and Günter Schmid) has a strong track record in the betting industry
with relevant bookmaking experience and know-how including sector specific
M&A expertise.
Betbull has been listed on the Vienna Stock Exchange since October 2004
('BETB', 'BETB.VI').
For further details please refer to the website www.betbullplc.com.
18.10.2007 Financial News transmitted by DGAP
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Language: English
Issuer: Betbull Plc
25 Old Broad Street Tower 42, Level 23
EC2N 1HQ London
Großbritannien
Phone: +350 77331
Fax: +350 44554
E-mail: info@betbull.com
Internet: www.betbullplc.com
ISIN: AT0000615331
WKN: A0DKM0
Listed: Amtlicher Markt in Wien; Freiverkehr in Berlin, Stuttgart;
Open Market in Frankfurt
End of News DGAP News-Service
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