ISC Entertainment
Acquisition by Sportingbet plc
ISC Entertainment Acquisition
by Sportingbet plc By staffSportingbet, owner of
several online poker sites, has announced it has
bought ISC Entertainment Inc, owner of such gaming
marketing companies such as mysportsbook.com and
worldwidegamble.com, for $16.5 million in cash and
2,745,158 Sportingbet ordinary shares.
“IGC is a high quality business and the acquisition
is a strong addition to our existing US-facing brands.
With almost no integrating required and solid organic
growth prospects, we look forward to developing
ISC’s brands within our industry leading portfolio,”
says Nigel Payne, CEO of Sportingbet.
In addition to the sale, Sportingbet has announced
that a growth in customers along with gambling margins
has seen unexpectedly high profits, with an expectation
of at least ?60.5 million for the year ending 31
July 2005.
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