Re Contract
24 Julio 2003 - 2:01AM
UK Regulatory
RNS Number:9000N
TradingSports Exchange Systems PLC
24 July 2003
For Immediate Release 24th July, 2003
TRADINGSPORTS EXCHANGE SYSTEMS PLC
5 YEAR EXCLUSIVE CONTRACT WITH
COSTA RICA INTERNATIONAL SPORTSBOOK
TradingSports Exchange Systems plc ("TradingSports"), the AIM listed provider of
person-to-person ("P2P") betting exchange software, has today further
strengthened its portfolio of global exchange partners with the signing of a 5
year exclusive contract with Costa Rica International Sportsbook ("CRIS" or "the
Company"), one of the largest offshore bookmakers in the world.
Established in 1984 and currently operating out of Costa Rica, CRIS is a
high-profile Sportsbook with an annual turnover in excess of US$1 billion. The
Company is widely recognised as the sportsbook responsible for setting the North
American bookmaking markets, determining the odds and betting lines faster than
other bookmakers. The 5 year exclusive contract with TradingSports marks CRIS's
first venture into the fast-growing P2P betting market and will enable its
customers to place in-running bets on a wide range of sporting events, including
the forthcoming NFL and basketball seasons. The exchange will be launched today
on CRIS's website www.betcris.com.
Joe Tighe, TradingSports Exchange Systems' Chief Executive, said:
"The signing up of CRIS, one of the largest online bookmakers in the world, will
significantly enhance the liquidity of the TradingSports global exchange. As
outlined in our flotation earlier this year, our strategy remains to consolidate
our leading position in North America, the largest online betting market in the
world, provide the pooled liquidity which access to such partners provides, and
increase our market share in other fast growth territories. The deal with CRIS
underpins TradingSports' credentials as a leading and low cost B2B solution
provider in P2P betting, the fastest growing sub-sector in the gaming industry."
For further information, please contact:
TradingSports T: 020 8780 6000
Joe Tighe, Chief Executive
Buchanan Communications T: 020 7466 5000
Bobby Morse / James Strong
Background Information
TradingSports, which floated on the London Stock Exchange's AIM in May this
year, enables its partners to enter the P2P betting market without the
substantial investment of building, developing and maintaining their own P2P
exchange systems. Aimed at the business-to-business market, TradingSports acts
as an aggregator of liquidity from different sports betting companies, enabling
them to benefit from TradingSports' vast global pool of P2P bettors.
CRIS is the latest Sportsbook to sign with TradingSports Exchange Systems since
the technology platform was launched in time for the Football World Cup in the
summer of 2002. Sportingbet, TradIndex, WWTS, Betfanatic and Matchedbets are
just five examples of online sports betting companies currently benefiting from
the TradingSports exchange software, making the London-based operation one of
the world leaders in its field.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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