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  • TradingSports in European Market Deal with Golanta Sports
Press Releases

TradingSports in European Market Deal with Golanta Sports

12 Mar 2004
   
TradingSports Exchange Systems plc ('TradingSports'), the person-to-person ('P2P') betting exchange system provider, is pleased to announce its expansion into the European market through its signed contract with Golanta Sports ('Golanta'). The launch of Golanta’s interactive P2P exchange will enable bettors to place in-running bets on a wide range of European, UK and Turkish sporting events to customers worldwide.

Under the terms of the agreement, TradingSports will provide Golanta with a multi-currency multi-lingual P2P betting platform through its betting exchange, allowing Golanta’s customers to benefit from TradingSports’ worldwide pooled customer base. In return, TradingSports will receive a percentage of all margins generated through Golanta’s P2P exchange. The exchange will operate under the name SporBorsa.com and will be fully integrated with all of Golanta’s existing sportsbooks and casino services.

Joe Tighe, Chief Executive to TradingSports commented:

'The launch of Golanta Sports, expected in time for Euro 2004, is a strong endorsement of the potential for P2P betting exchange systems to revolutionise the online betting market in Europe. We are very excited about this partnership and the large array of European sports it will bring to the exchange.'

Erbil Arkin, Director of Golanta Sports said:

'Our person-to-person betting exchange will be the first in our market, so it was essential that we found an experienced partner. After researching the market extensively, TradingSports was the obvious choice for first-rate technology and with TradingSports we have the advantage of both their expertise and immediate liquidity in the exchange through their worldwide pooled customer base. This gives us a great opportunity to build new business quickly through our existing customer base, and to expand into a fast growing international market'

For further information, please contact:

TradingSports
Joe Tighe, Chief Executive
Ken Mulvany, Director of Investor Relations
T: +44 (0) 20 8780 6000

Buchanan Communications
Mark Edwards / James Strong
T: +44 (0) 20 7466 5000

WSM Sport
Tom Maidment
T: +44 (0) 207 592 7170
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