Sirius Pet Regulatory News (SRSP)

13 Feb 2006 07:01

Global Gaming Technologies PLC13 February 2006 Global Gaming Technologies launches new consumer betting platform with Betfair and Betdaq One click allows consumers to compare prices across exchanges and bet on best live prices for the first time LONDON, England - 13 February 2006 - Global Gaming Technologies plc (GGT.L), thecompany investing in enabling technologies for the gaming market, is todaylaunching the first betting platform which allows consumers to compare the bestprices on different betting exchanges, and to transact with one click across anumber of exchanges. GGT has developed proprietary technology which allows live feeds from numerousexchanges to be displayed, so that customers can see where the best value betsare available. Subscribers can see the prices side by side before deciding whichbets to place. A free 30 day trial version of the software can be downloaded at:www.oddstrader.com. Betting exchanges match bets from gamblers so that the best odds offered in themarket are displayed, rather like in a stock market. The exchange owner takes acommission on each bet, rather than making a margin through the setting of theodds like a traditional bookmaker. As a result betting exchanges usually providethe best odds available to consumers. GGT plans to add further exchanges to its platform, and to market the platformto gamblers on a subscription basis as well as entering into affiliaterelationships with sports betting organisations. GGT has an agreement withBetdaq and is also a software vendor licensed by the Betfair Developers Program.This license permits GGT to build and sell applications using the Betfair API. GGT plans to charge £50 per user per month, which it believes will representexcellent value for consumers who will gain very important functionality andunique access to multiple exchanges, potentially saving them many times theirsubscription. Paul Pullinger, CEO of Global Gaming Technologies plc said, "This is a consumer application of huge value. The agreements we have reachedwith Betfair and Betdaq mean that we will allow consumers to find the bestprices on offer across the two largest betting exchanges. We intend to addfurther exchanges and betting information to the platform, so that we can becomea one-click, one-stop shop for gamblers who want to be certain they are gettingthe best odds available." Brian O'Sullivan, CEO of Betdaq said, "We are delighted to be working with GGT to allow this new application to accessprices and transact bets on the Betdaq platform. This application will allowcustomers to see Betdaq's prices and compare them directly with others in themarket. We are confident that Betdaq's prices and liquidity will comparepositively and we look forward to a successful launch of the Oddstrader productby GGT". - Ends - About Global Gaming Technologies plc Global Gaming Technologies plc (GGT.L) was incorporated on 16 July 2004 andadmitted to AIM on 29 November 2004. It was created to build a groupspecialising in enabling technologies for the gaming and other applicablemarkets. Its first acquisition was Event Data Correlation Limited (EDC) on 27June 2005. www.ggtplc.com About Betdaq Betdaq was launched in March 2001 and has become the world's second largestbetting exchange. It offers two-way betting markets in key global sports aswell as UK and Irish Horse Racing. Betdaq offers particularly strong markets inSoccer, with Asian Handicaps a speciality given a well-established base in Asia.Betdaq is part of the Global Betting Exchange network of exchanges. This information is provided by RNS The company news service from the London Stock Exchange