DGAP-News: betbull Holding SE, formerly betbull plc, ('betbull') announces sale of Spanish subsidiary to bwin Interactive Entertainment AG
ID: 276006
15.10.2010 16:00
---------------------------------------------------------------------------
Press Release - 15 October 2010
betbull Holding SE, formerly betbull plc, ('betbull') announces sale of
Spanish subsidiary to bwin Interactive Entertainment AG
betbull has sold 100% of Winners Apuestas SA (Winners), it's Spanish
subsidiary, to bwin Interactive Entertainment AG (bwin) for EUR 4,000,000.
Winners is licensed in Madrid and operates from 6 locations plus points of
sale within the Santiago Bernabeu Stadium.
betbull will now concentrate fully on its core business in Germany. The
sale will release betbull from the funding obligations required by Winners
as it expands in Madrid and further Spanish communities, and allow the
already cash flow positive German business to expand and develop under an
eagerly awaited new legislation.
bwin continues to be a major shareholder in betbull where it is quoted on
the Vienna stock exchange, as is bwin. As part of the sale exercise betbull
has reduced costs at a holding level and has a healthy cash position.
- ENDS -
Contact
David De Marco, Group Finance Director
d.demarco@betbull.com
Phone +356 21494443
Fax +356 21480132
betbull Holding SE
15 Fetter Lane,
London EC4A 1JP
United Kingdom
Betbull Holding SE (formerly betbull plc) is registered in England&Wales
under the Registration Number SE12 (formerly 05044730).
This communication can be downloaded from the website www.betbullse.com.
About betbull:
betbull is an established provider of gaming centred retail entertainment,
based in London. betbull offers its customers principally horse and sports
betting at licensed betting shops, complemented by slot machines, internet
betting and sports bars. betbull accepts bets based on licences in England
and Wales, Malta and Germany, and is also licensed in Madrid, Spain. In
Germany, betbull products are available above all under the 'Wettenleip'
brand. In Madrid, Spain, the launch of the retail brand 'w1nners' is to be
piloted following the granting of a licence. betbull itself has been quoted
on the Third Market of the Vienna Stock Exchange since October 2004 (ISIN
AT0000615331) and was established as a joint venture between Fun
Technologies Plc and bwin Interactive Entertainment AG. For detailed
information on betbull, visit www.betbullse.com.
15.10.2010 16:00 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: Betbull Holding SE
15 Fetter Lane
EC4A 1JP London
Großbritannien
Phone: +356 21480131
Fax: +356 21480132
E-mail: info@betbull.com
Internet: www.betbullplc.com
ISIN: AT0000615331
WKN: A0DKM0
Listed: Freiverkehr in Berlin, Stuttgart; Open Market in Frankfurt;
Foreign Exchange(s) Wien (Dritter Markt (MTF) / Third Market
(MTF))
End of Announcement DGAP News-Service
---------------------------------------------------------------------------Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: EquityStory
" alt="Georox Resources Inc. schliesst zwei separate Privatplatzierungen (Bruttoeinnahmen von insgesamt 2,52 Millionen $) abDatum: 15.10.2010 - 16:00 Uhr
Sprache: Deutsch
News-ID 276006
Anzahl Zeichen: 3983
Kontakt-Informationen:
Kategorie:
Wirtschaft (allg.)
Diese Pressemitteilung wurde bisher 278 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: betbull Holding SE, formerly betbull plc, ('betbull') announces sale of Spanish subsidiary to bwin Interactive Entertainment AG"
steht unter der journalistisch-redaktionellen Verantwortung von
Betbull Holding SE (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
