28-02-2008 Neville Porter announces sale of its UK racecourse pitches

The bookmaker, which operates online as npbet.co.uk, said its internet operation generated far poorer returns than expected, partly as a result of the generous odds offered to attract a new clientele and build up client loyalty, and partly in line with the greater level of payouts which appear to have affected the online betting industry generally.

As the run of poor results announced on December 2007 continued into 2008, Neville Porter agreed to sell its UK racecourse pitches and use the proceeds for general working capital purposes.