Betbull Concentrate on Spanish and German Markets
8th December, 2008
European Betting exchange operator Betbull have announced that they will be focusing on German and Spanish markets following impressive annual turnover results.
Operating turnover was up 28% from €57.8 million to €74 million and net gaming revenue increased 19% to €11.7 million. The brand see the Spanish market as a great opportunity to expand business operations and further increase turnover.
Betbull director, Simon Bold said in a statement, “Early signs in the Spanish market are very promising and we see this market as the most exciting opportunity in Europe at the moment,” said Bold.
”The company continues to operate a tight financial control and closely monitor costs. The concentration of resources on just 2 regions, Germany and Spain will help to streamline the company and we will curtail operations not associated with these core areas during the coming months.”
Both Spanish and German betting markets are vast but still have room to grow. Sports such as Football, Tennis, Hockey and Horse Racing are popular, and are bet on by thousands in each country.
By Jamie
