Betcorp shares up
20 Oct 2006
UNITED STATES – As reported by the Australia Age: "Betcorp shares staged a major recovery after reports it had sold its US sports betting operation to a Costa Rican company for $US9 million ($A12 million).
"The shares jumped 15¢ to 41¢ following the reports from US websites. Not much was expected from the sale after Sportingbet, listed in Britain, sold its US business for $US1 last week. The sale allowed it to discharge liabilities of $US13.2 million and avoid a closure bill of $US14 million, it said.
"The rumoured buyer of Betcorp's WWTS business is Bodog, which does not plan to comply with the US ban on online gambling services…"
Betcorp shares up
is republished from iGamingAffiliatePrograms.com.