SWB Sportswinbet

RNS Number:0792I
Sportswinbet Limited
20 November 2007


Sportswinbet Limited (the "Company" or "Sportswinbet")

Update


The Company is pleased to announce that it has reviewed its sports gaming
licensing requirements and has decided that in the current competitive global
sports betting licensing market, that it will not renew its licence with
Alderney Gambling and Control Commission (the "Gaming Licence").  As and when an
investment opportunity is identified that requires Sportswinbet to have a global
sports betting and/or casino licence, the relevant application will be made in
the appropriate jurisdiction.


Contact


Liam Murray, Nominated Adviser

City Financial Associates Limited

Tel 020 7492 4777


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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