Betting Promotions announce impressive results
24th April, 2009
Betting Promotion is one of the UK's leading online market odds maker, for betting exchange products. The company generate odds for some of the gaming industries biggest clients.
Having recently undergone a restructure, in a recent article published by Egaming Review, the business announced that net turnover was up 80% in Q1. Overall turnover fell 37%, however expenses were also minimized, after the company got rid of their high exposure products.
A third of the companies shares were also sold to online gaming operator Game Village, part of the Key- Quest Limited. This also reduced their liabilities resulting in increased turnover. Football betting proved to be the best performing sector with providing 68 % of turnover.
Betting exchanges are becoming increasing popular with sites such as Bet Fair attracting thousands of customers. Instead of wagering against the bookie, users place bet against each other. Odds are often much better at exchange sites, as customers will often back their own favourite.
By Jamie
