Second Worldlink Commercial Sports Betting Site Goes Live
Whyteleafe Football Club in Surrey to Benefit
Worldlink Group PLC (LSE: WGP), the listed company with patented technology covering the transmission and receiving of change data on all mobile devices, announce today that Whyteleafe Football Club has become the second club to take advantage of the Worldlink/Betbutler collaboration to offer a share revenue of bets placed through the Worldlink/Betbutler service on all sports betting. Initially this service will be available through desk-top units but will be upgraded to work through all mobile devices in early April.
The first Club to take this service was Ramsgate FC who have already seen useful revenues flowing into the Club since the service was offered in February
Whyteleafe FC competes in Division 1 South of the Ryman Football League. It is a genuinely local football club serving the communities of Whyteleafe, Caterham, Warlingham, Kenley and across east Surrey. As such it draws its support base from the local area.
Mark Coote Chairman of Whyteleafe FC commented: "Playing in one of the most attractive grounds in non-league football, and with some of the friendliest supporters, it's always worth paying the 'Leafe a visit. Although we get tremendous support from the locality we are always looking for additional ways to generate revenues and this link with Worldlink and Betbutler will generate some additional revenues without increasing any demand on our supporters. Those who bet regularly can give a lot back to the club by using the service that will go live on our website. Even those who will have the occasional flutter on the Grand National will also be helping the club significantly by using the Whyteleafe/Worldlink/Betbutler service. The beauty of what is being offered is that we know we are ensuring those who support us get the very best odds for their bet so benefits are available for all parties.
Neil Riches, Managing Director of Worldlink added: "The pilot study at Ramsgate has worked well on the pc based model and we are now about to go live at Ramsgate with the mobile version which should make the sports betting service through Ramsgate FC more available. Ramsgate FC have undertaken a marketing campaign to make supporters aware of the service and they have already received useful revenue from the PC-based service. Importantly for Worldlink, the first revenues for the company are also being generated and although it is early days it is clear that the Club/Worldlink shared revenuemodel will prove very successful for all parties."
For further information please contact: Neil Riches 01737 221 078
Main market gets 4 months I believe and I imagine WGP will use every single day of that. Might not be a profit yet but they should finally be able to report strong revenue numbers. They were listed on Frankfurt for 9 months of 2011 (and in 2010) plus 5 weeks on LSE and raised funds in 2010 and 2011 (£860K in 2011 pre-LSE) and with full years for Jarvis, Ladbrokes, I-mobilemarkets (IDC), Worldspreads and co, you would think that they will finally be reporting revenue in the low millions or at the very least high hundreds of thousands. Will be interesting to see. To be honest, I would settle for revenue higher than the MDs salary for once. £1M plus revenue would be a very good result IMO.
Is there any date set when Balance Sheet and Accounts at 31 December 2011 will be released. It cannot be too complex, given that there will be few entries. Then of course there is the small matter of an AGM date to be revealed.
And there's me thinking it was just me and Base left on the Board! So, what is the consensus then on the RNS? We knew it was coming after the pre-action letters but nice to see it finally arrive. Interesting they have gone for a big one. City Index might not be that well known compared to Ladbrokes etc but I think these are owned by Michael Spencer who is very powerful and has pretty much unlimited resources at his disposal. If WGP win this, the precedent will be very strong IMO. All the other players will know who Spencer is so to defeat him publicly or force him to settle would be huge. Ballsy to state this "comes after communication with the infringing company". I think someone forgot to say "alleged" in the PR bit as its pre-trial! My take is this is positive as it will decide the future of the UK patent one way or the other and it definitely isn't Acme Trading. If you're going to prove yourself, might as well do it against a big dog. Surprised we are not looking at 35p + on share price, much bigger than OMT announcement.
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