|TradingSports Exchange Systems plc (“TradingSports”), the person-to-person (“P2P”) betting exchange system provider, is pleased to announce its expansion into the European market through its signed contract with Golanta Sports (“Golanta”). The launch of Golanta’s interactive P2P exchange will enable bettors to place in-running bets on a wide range of European, UK and Turkish sporting events to customers worldwide. |
Under the terms of the agreement, TradingSports will provide Golanta with a multi-currency multi-lingual P2P betting platform through its betting exchange, allowing Golanta’s customers to benefit from TradingSports’ worldwide pooled customer base. In return, TradingSports will receive a percentage of all margins generated through Golanta’s P2P exchange. The exchange will operate under the name SporBorsa.com and will be fully integrated with all of Golanta’s existing sportsbooks and casino services.
Joe Tighe, Chief Executive to TradingSports commented:
“The launch of Golanta Sports, expected in time for Euro 2004, is a strong endorsement of the potential for P2P betting exchange systems to revolutionise the online betting market in Europe. We are very excited about this partnership and the large array of European sports it will bring to the exchange.”
Erbil Arkin, Director of Golanta Sports said:
”Our person-to-person betting exchange will be the first in our market, so it was essential that we found an experienced partner. After researching the market extensively, TradingSports was the obvious choice for first-rate technology and with TradingSports we have the advantage of both their expertise and immediate liquidity in the exchange through their worldwide pooled customer base. This gives us a great opportunity to build new business quickly through our existing customer base, and to expand into a fast growing international market”
For further information, please contact:
TradingSports T: +44 (0) 20 8780 6000
Joe Tighe, Chief Executive
Ken Mulvany, Director of Investor Relations
Buchanan Communications T: +44 (0) 20 7466 5000
Mark Edwards / James Strong
Background to Golanta Sports:
Golanta and its associated companies operate land-based and internet-based casinos, hotels, betting shops, online sportsbooks, and an international call centre in Cyprus. Their worldwide customer base is due to the broad range of sporting events, games, and services offered.
Golanta is the sister company to Falconforce Ltd, the fast growing UK company that owns Wilson Sports and Racing, which operates an international telephone betting call centre and 20 betting shops in London and the South-East.
Background to TradingSports:
Founded in August 2000 and floated on the Alternative Investment Market of the London Stock Exchange in May 2003, TradingSports is a P2P betting exchange system provider. It offers a turn-key hosted betting exchange solution to sports and financial betting companies, through which individuals bet on live events at any point before and during the event.
The Group applies the principles of a financial exchange by acting as a clearing house for gambling companies offering P2P betting from any jurisdiction in the world where it is lawful to do so. Its platform is aimed at the business-to-business market and acts as an aggregator of liquidity from different betting companies. TradingSports recognises that liquidity is an important component to maximise the success of P2P betting. By providing an exchange service with several participating members, thereby creating a significant user base, TradingSports’ services help to ensure that the potential number of people with whom to bet is far greater than could be provided by one individual bookmaker.
TradingSports itself has no direct relationship with bettors, does not handle money of individual bettors and is not exposed to the gambling risk associated with a bookmaker, as it does not risk its own capital.