BetonSports announce plans to move into land based ventures
Internet gambling company will be adding land based gambling to their interests
Tuesday 24th August 2004
David Carruthers of BetonSports.com has released a statement highlighting the online gambling site’s plans for future growth. One of the main areas of change and development is the company’s plans for adding land based venues. BetonSports has always operated as an online and telephone betting operation, but now will expand and open betting shops under the company name.
The first locations for the shops will be Central and South America, with the first shops being opened in the last quarter of this year. At the moment 1000 venues are planned to be rolled out over the next three years- concentrating again on Central and South America.
As Carruthers explained: 'We are extremely pleased with how our recent AIM listing was received and excited about the opportunities it presents. We were particularly delighted with the quality and quantity of institutional investors who are now shareholders in BETonSPORTS...Expanding our operations to include physical locations will produce additional revenue streams, support our online business and help deliver increasing shareholder returns. Further, a publicly-traded BETonSPORTS brings added credibility to the offshore wagering industry and will help us in our effort to establish a regulated US online gambling marketplace.'
The second main area of development will lie in acquisitions for the company. The intention is to acquire other online based gambling brands to increase the number of territories BetonSports has a presence in, as well as looking at increasing mebership, or the range of products being offered. The regions the company is particularly interested in expanding into are Asia, Australia and Europe, as the majority of its current business is concentrated in North America.
