More Acquisitions Likely
to Follow as Bodog.com Purchases Betcorp's European
and Asian-Facing Gaming Business
For
Immediate Release
October 23, 2006
Bodog.com Entertainment Group
announced today a deal that would see the international
digital entertainment giant enter into an agreement
with Betcorp Limited to acquire the company’s
international infrastructure, which includes its
comprehensive gaming products, international customer
base, technology, licenses and the group’s
Antiguan offices. The agreement, conditional only
on the approval of Shareholders, is another step
in Bodog.com’s long-term strategy to expand
its brand presence into international markets.
"This purchase, which
speaks directly to the current strength of our
business, is the first of many possible international
acquisition targets under consideration,"
says Calvin Ayre, the billionaire founder of Bodog.com.
"We couldn’t be better positioned to
build upon our current success and growth and
to continue our aggressive push towards international
expansion into markets such as Europe and Asia."
Bodog.com’s latest
strategic acquisition should come as little surprise,
as the digital entertainment company has been
taking a multi-phased approach to expanding its
product channels into international markets for
the past several years, with Bodog Music and Bodog
Television leading the way.
Bodog’s international
music distribution division, Bodog Music, currently
has offices in Berlin, London and other international
destinations. Bodog Television shows, including
BodogFight.com and Calvin Ayre Wild Card Poker,
are being distributed worldwide on cable, satellite,
PPV and broadband to countries such as Russia,
Australia, South Africa and the United Kingdom.
"Bodog has never been
confined to any particular market or single form
of entertainment," says Ayre. "Our greatest
competitive advantage is and always has been our
ability to combine a number of different forms
of entertainment into one all-encompassing digital
entertainment offering. It is because of this
strategy that we’ve been able to successfully
create the first truly international brand of
this type, and it is what will guarantee our success
as a world-facing entertainment provider for years
to come."
Bodog.com’s acquisition
of Betcorp’s international infrastructure
will also have many implications on the industry
and its international player-base. "Our latest
move has been part of our long-term strategy and
only represents good news for the industry and
for the many existing and prospective Bodog.com
customers," says Ayre. "It is in times
such as these that players gravitate towards the
strongest, most successful and most reputable
companies. We’re confident in the strength
of our brand and we’re confident that our
players are, too."
There is also added benefit
in this deal to host countries such as Costa Rica
and Antigua & Barbuda, as Bodog.com will be
growing its operations in both countries.
"Along with the many
gains that are generated by allowing online gaming
companies to operate within their borders, these
host countries see an increase in employment opportunities
and infrastructure, created by the international
companies," says Ayre. Bodog.com, for example,
employs hundreds of employees in Costa Rica and
its purchase of Betcorp’s Antiguan offices
will effectively save a number of jobs from being
lost.
About Bodog.com Entertainment
Group
Bodog.com , based out of
San Jose, Costa Rica, is federally licensed by
the Costa Rican and UK governments. Bodog.com
Entertainment Group Founder Calvin Ayre, recognized
as a world authority on branding in digital entertainment,
was featured on the cover of Forbes magazine's
recent best-selling "Billionaires" issue.
Bodog.com also has a thriving online community,
which includes history-making World Series of
Poker Main Event champion Jamie Gold (www.bodog.com/poker).
Bodog.com Entertainment Group offers a host of
entertainment services, including: online gaming
(Bodog.com); an international record label (Bodog
Music.com); a million-dollar band search competition
( BodogBattleoftheBands.com); a publishing division
(with an online magazine, BodogNation.com, and
blog, BodogBeat.com); an events department renowned
for producing parties that are stunning, chic
and celebrity-filled; and an international television
production division, which produces reality television
series, such as BodogFight (BodogFight.com) and
Calvin Ayre Wild Card Poker (CalvinAyre.com ).
For more information, contact Media Relations
at 1-866-892-3371, or [email protected]. BODOG is a
registered trademark of Bodog.com Entertainment
Group.
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