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32Red Plc releases statement on the Unlawful Internet Gambling Enforcement Act

16 Oct 2006

Strategic update

32Red is a UK betting and gaming brand whose success to date has been founded on its focus and exposure to the UK. The Group will continue this approach and the recent acquisition of Betdirect and the sponsorship of Premiership football club Aston Villa underline our ongoing strategic positioning. The vast majority of 32Red's business is sourced from outside the USA. However, a limited percentage of revenue has originated from the USA on our casino and poker platforms and the profit from this revenue stream has been immaterial in the year to date. Betdirect, our UK focussed sports betting operation, has never accepted bets from the USA. Following the changes in US legislation concerning the Safe Ports Act, 32Red will no longer accept any bets from the United States with effect from 9am, Friday 13th October.

 
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