22-02-2005 SportsSpread plans to enter the British market

The Irish betting company has received approval from the UK Financial Services Authority to begin trading and is now looking to raise up to €3.5 million in new funding.

SportsSpread offers traditional fixed odds betting as well as spread betting markets for sports and financial products.

The company posted a loss of €190,000 for the year ended 31 March 2004. The directors said in a statement it will become profitable in the next financial year.



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