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| | | March 20 - A leading online casino, poker room and sportsbook group,
Betcorp, has become one of the latest online gambling companies to list on the
London Stock Exchange (LSE), increasing its share price up by 7.9% in the
process.
Already listed on the Australian Stock Market, Betcorp listed on the LSE
in a move designed to add value to its shares, in line with many other online
gambling giants that have sought to list their companies in the UK, where online
casinos and online gambling is legal.
Betcorp 's betting operations, marketing operations and IT operations are based
based in Antigua in the West Indies (where it holds it license) , as well as in
Toronto, Canada. It holds a bookmaker's license in the UK.
A company spokesperson said that Betcorp's strategy was to build on its expertise and established presence as
a 'one-stop-online-gambling-shop' for all online gamblers, no matter their
preference as all online casino games, poker games and sports betting
action are covered by the group.
Betcorp's 2005 financial results showed that the company achieved gross revenues
of $29.4 million on a betting turnover of $825 million, and post-tax profit of $4.3
million. After its listing on the LSE, its market value has risen to over
$93 million.
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