1 June 2012
Sportingbet Plc
("Sportingbet" or the "Company")
Spanish eGaming Licence Grant
Further to the Company's announcement on 22 May 2012, Sportingbet announces that it has now been awarded a Spanish eGaming licence by the General Directorate for the Regulation of Gambling.
The grant of the eGaming licence negates part of the injunction, which was imposed on Sportingbet's Spanish business on 27 March 2012 and thus allows Sportingbet's Spanish business at www.miapuesta.es to commence trading when this regulated market opens. The market is expected to be formally opened at 8am BST on Tuesday 5 June. Sportingbet is now in the process of filing an application with the Commercial Court no.10 in Madrid to have the remaining parts of the injunction cancelled.
Obtaining the Spanish eGaming licence marks the latest step in the Company's stated strategy of increasing the proportion of the Group's gaming revenue from regulated markets.
For further information please contact:
| Sportingbet Plc | Tel: 020 7184 1800 |
| Andrew McIver, Group Chief Executive | |
| Jim Wilkinson, Group Finance Director | |
| | |
| Maitland | |
| George Hudson | Tel: 020 7379 5151 |
| Daniel Yea | |