betbull - The European Betting Exchange Plc.

euro adhoc: Betbull plc
Strategic management decisions
Betbull awarded betting licences in Italy

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Betbull awarded betting licences in Italy Betbull Plc ("Betbull") announces that it has been awarded four new betting licences following the recently completed tender process organised by the Italian authorities. Overall four licenses were awarded in the cities of Milano and Como covering a full betting unit and a betting outlet (shop in shop unit) each. Betting units will be retail units dedicated to the purpose of Sports betting whilst betting outlets will be ‘shop in shop’ operations where a Betbull horse betting service will be offered as an additional product to the  core business. Betbull`s strategy is to establish a presence in the Italian retail betting market whilst carefully evaluating the potential for further growth.  Commenting on today’s announcement Simon Bold, Director of Betbull, said: "We are happy with the result of the tender process and look forward to establishing a foothold in the Italian retail betting market. We will cautiously seek to expand our interests as the environment settles down and a clear value emerges for the licences that have been awarded. We believe there will be opportunities to cost effectively add significant numbers of retail units in the future."

ENDS - Contact David De Marco, Group Finance Director

Phone +356 21480131 Fax +356 21480132

Please note the new address:

Betbull Plc Tower 42, Level 23/Pillsbury 25 Old Broad Street London EC2N 1HQ United Kingdom

This communication can be downloaded from the website

About Betbull Betbull's goal is to establish itself as one of the leading Continental European retail bookmakers.  The Betbull group holds bookmaking licences in the UK, Austria, Malta and horse betting licences in select districts of Germany and Spain.

The high caliber management team (Simon Bold,  David De Marco, Alexander Leip, and Günter Schmid) has a strong track record in the betting industry with relevant bookmaking experience and know-how including sector specific M&A expertise.

Betbull has been listed on the Vienna Stock Exchange since October 2004 ("BETB", "BETB.VI").

For further details please refer to the website

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ots Originaltext: betbull - The European Betting Exchange Plc.
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Further inquiry note:
Betbull plc
Catriona Macniven
Investor Relations
Tel.:    +350 77331

Branche: Casinos & Gambling
ISIN:      AT0000615331
WKN:        A0DKM0
Börsen:  Wiener Börse AG / stock market

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