Search:
 

betinternet.com

Companies: BET   
09/02/2001

On-line betting play, betinternet.com, posted a mixed set of interim figures for the half year to 30 November. Sales growth continued at a rapid pace, with turnover lifted by 103% to £23.79m. However, pre-tax losses came in at £1.46m, compared with £1.04m for the year to May 2000. These losses reflected 'substantial' investment in technology infrastructure and marketing, a necessity in what is fast becoming an overcrowded sector. The company is 'seeing a significant rise' in new internet customers per month and a strong growth in customers from Asia. In addition, soccer betting has really taken off, and now accounts for 70% of sales. The 2002 World Cup in Japan and Korea 'particularly excites' the board. Recent developments include a joint venture, Euro Off-Track, with The Greyhound Channel Inc of America, which offers a direct betting service into the American totes. This was followed by the signing of an exclusive broadcast and wagering agreement with the Irish Greyhound Board.

Market cap: £19.2m
PE Forecast: n/a
Share price: 24.5p

Related Articles:
01/07/2008
02/06/2008
16/05/2008
13/05/2008
09/05/2008

Sponsored Listings

Looking for Development Finance We have reviewed and sorted 276 odd links for development finance - the top 10 list is presented here..

Looking for Great Saving and Investments? Choose from a variety of the UK's favourite saving and investment specialists. Great deals, low rates and all the latest offers.

Commercial Let Mortgage We present absolutely free financial information and a superior financial search system.

Recent Articles

Cuts hit Careforce
12/05/2006

betinternet.com
25/02/2005

betinternet.com
30/01/2004

betinternet.com
04/02/2003

betinternet.com
02/10/2000

Announcements

AGM Statement
02/11/2007

Final Results
26/09/2007

Trading Statement
07/06/2007

Holding(s) in Company
24/05/2007

Convertible Loan Note
26/02/2007

Sector Articles