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Interactive Gaming Holdings, Sportingbet Team Up

19 Apr 2004

LONDON – As reported by Reuters: "Interactive Gaming Holdings says it has entered into a revenue-sharing deal on one of its 1,100 gaming Internet sites with leading online betting firm Sportingbet.

"IGH said on Monday that Sportingbet, which has over one million customers, would operate betting on its Web site in return for a monthly payment based on net revenue.

"…IGH does not take any bets on its Web sites itself and is therefore not exposed to the financial risks, a spokesman said. It derives its income from running back-end operations and from advertising revenue…"

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