Betcorp's U.S. Business Joins Bodog Empire
The acquisition of BetWWTS, Betcorp’s U.S.-facing operation, by online gambling giant Bodog was announced this week by the firm’s CEO Calvin Ayre. The Costa-Rican based chief executive confirmed media reports that his firm is the new owner of BetWWTS’ U.S. infrastructure including its customer base, licensing agreements and offices in Antigua.
“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,” Ayre said in his announcement of the deal. “It is in times such as these that players gravitate towards the strongest, most successful and reputable companies. We’re confident in the strength of our brand and we’re confident that are players are too.”
Ayre also added that the acquisition is the latest step in Bodog’s long-term strategy of diversifying into new international markets. This is the first of many possible international acquisition targets under consideration,” he said. “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.”
While the announcement received a high profile in online gambling media outlets, new reports that Bodog is currently engaged in talks with Sportingbet to purchase its U.S. interests have resurfaced. According to unconfirmed reports, Ayre has been in contact with Andy McIver of Sportingbet to make his interest in the business known. Recently, Sportingbet’s interests were sold to Jazette Enterprises for a mere $1 following the U.S. government’s decision to prosecute the firm for taking online wagers from U.S. gambling fans.
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