Statement re US Operations
14 10월 2006 - 3:01AM
UK Regulatory
RNS Number:4836K
Betcorp Limited
13 October 2006
Regulatory Announcement
Friday 13 October 2006
BETCORP LIMITED
("Betcorp" or "the Company")
FURTHER STATEMENT REGARDING US OPERATIONS
Further to the announcement made by the Company on Thursday 12 October 2006 in
relation to the passage of the Unlawful Internet Gambling Enforcement Act of
2006 (the "Act") in the USA, the Company can confirm that the Act has been
passed into law by the US President.
In response and after taking extensive legal and regulatory advice, the Group
has suspended its US operations with immediate effect. The Company will continue
to seek clarification of the impact of the Act on the Group's existing US
customers and service providers, and the steps that the Company can take to
achieve an orderly exit from this market. The Group continues to trade normally
with customers in Europe and the rest of the world.
A further announcement covering the impact and resulting future prospects of the
Group will be made as soon as practicable.
Enquiries:
CPR Communications, Sydney (Investor Relations/Media - Australia)
Martin Cole m.cole@cprcomm.com.au
Tel: +61 2 8213 3082
College Hill Associates, London (Investor Relations/Media - UK)
Matthew Smallwood/Jamie Ramsay matthew.smallwood@collegehill.com
Tel: + 44 20 7457 2020
This information is provided by RNS
The company news service from the London Stock Exchange
END
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