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Betex Moves Onto AIM

27 Feb 2006

LONDON – As reported by the UK Independent: "This week sees the arrival on the London market of a company looking to cash in on the Chinese passion for gambling. Betex is due to move up to the AIM from Ofex on Friday, having raised a fresh £12.5m via its broker, Cenkos, at 34p.

"… It already manages the state-run sports lotteries in two Chinese provinces and is hoping to secure further such deals in the coming year.

"…The lottery is the only form of legalised gambling in the country for now.

"…On Friday its shares closed at 43p…"

 
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