|UK Betting is buying rival gambling site Sports.com, in a deal worth £670,000.|
UKBetting is paying £570,000 to cover Sports.com outstanding debts and a further £100,000 for the entire betting operation, including its 24,000 customers and the url Sports.com.
The majority of bets with Sports.com were placed on football and other sports, complementing UKBetting's own offering and bringing its total number of customers to more than 100,000.
The acquisition will complement ukbetting's strong betting brands, ukbetting.com and totalbet.com.
Eric Semel, Chief Executive of ukbetting commented: ``We are pleased with this acquisition. Sports.com fits neatly with our other digital sports betting operations and consolidates our position as a digital wagering operator. Since our listing in August 2001 we have completed a number of important deals, including the current offer for TEAMtalk.''