“This acquisition will further strengthen IAS\’s entry into the UK market, which commenced in earnest with the acquisition of the international bookmaking company, Canbet Limited in 2004,” Mark Read, IAS\’ managing director, said.
IAS highlighted that the acquisition of Global Sports Limited is the initial step into bookmaking for UK horse racing. The company concluded it will continue to broaden its range of products and services in Europe.
Global Sports operates an online horse racing and soccer bookmaking business in London, with revenues of approximately £20 million per annum.
Earlier today, following the announcement of the acquisition, shares in International All Sports Limited (IAS) jumped 10%.
Calculators
