Sportingbet Bets Up 11%
Major online betting hub Sportingbet has reported that the amounts wagered in the first half of the year are up by a remarkable 11 percent.
“In an update ahead of its Q2 and interim results to end-January, the group said positive underlying trends experienced in the first quarter had continued into the second,” StockMarketWire.com reports.
Although these results are called the “first half” of the year, they represent the first half of Sportingbet’s fiscal year, which ends in mid-January.
The strong performance was attributed to the Australia and emerging markets, offsetting weaknesses in struggling economies like Greece and Spain.
The brand has a strong presence in Australia and Europe; it’s looking to expand its presence to the U.S., too, by forming a new online gambling regulatory group there.