Lucrative deal for BetonSports

25.11.2005

Gambling group BetonSports scored a coup this week with the announcement that the Phillipine Amusement and Gaming Corporation (PAGCOR) had given its blessing to its collaborative contract to provide online sports betting with local Internet firm Philweb.

Soccer is specifically excluded from the arrangement, Philweb said in the announcement. Philweb is licensed by Pagcor as its official service provider for online gambling.

BetonSports recently acquired the Chinese operations of Easybet, and the Phillipines deal is another illustration of the companys growing penetration of the Asia-Pacific sportsbetting market.

The company's Costa Rica unit which offers wagering on nearly all US sports has recently encountered difficulties with a US government crack down on gambling advertising that resulted in the cancellation of about $10-million worth of its advertising campaigns during the crucial American football season.