Friday, March 23, 2007

Romania: British bookmaker enters Romanian mkt

23 March 2007

The main subsidiary of the Internet British bookmaker Leisure&Gaming, Betshop, will develop this year an entire network of franchised licensed betting offices throughout Romania, according to the company’s financial report, Nine o' Clock reports.
Betshop was awarded a licence to operate on the Romanian market last year and has recently opened an office in Bucharest.

The plan of the company is to establish a franchised chain of betting offices across Romania, similar to the one it operates in Italy. Company officials estimate their business sin Romania will already be contributing to the corporate revenue in Q3.

Betshop Group Limited entered the Leisure&Gaming portfolio in June 2006, when the British group sold the whole business in the US for the symbolic amount of one US Dollar. ‘2006 was a difficult year.

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