Re Contract FansFC to distribute Oddstrader
June 02 2006 - 2:50AM
UK Regulatory
Global Gaming Technologies PLC ('GGT' or the 'Company')
2 June 2006
Re contract
FansFC to distribute Oddstrader
LONDON, England 2 June 2006 - Global Gaming Technologies plc (GGT.L), the
company investing in enabling technologies for the gaming market, today
announces that FansFC.com has signed a deal to licence GGT's Oddstrader product
for distribution on the FansFC.com portal.
This agreement provides FansFC users with the first betting platform which
allows consumers instantaneously to compare the best prices on different betting
exchanges.
At 4.30pm on 1 June 2006, if a fan wanted to win �1000 if Paraguay win the
world cup, it would have cost �10 to place that bet on Ladbrokes.com, whereas
the Oddstrader.com software could find the same bet for a cost of only �3.58, a
saving of almost two thirds on the cost of the bet.
FansFC.com is a leading football enthusiast community and the product will be in
place for the critical world cup period. As a special promotion, fans will be
able to download the product free of charge from www.FansFC.com until 9 June.
GGT has developed proprietary technology which allows live feeds from numerous
exchanges to be displayed, so that customers can see where the best value bets
are available. Subscribers can see the prices side by side before deciding which
bets to place.
Betting exchanges match bets from gamblers so that the best odds offered in the
market are displayed, rather like in a stock market. The exchange owner takes a
commission on each bet, rather than making a margin through the setting of the
odds like a traditional bookmaker. As a result betting exchanges usually provide
the best odds available to consumers.
GGT's strategy is to develop www.oddstrader.com so that it becomes the major
aggregator of worldwide betting exchange information and a one stop shop for
gamblers looking for best prices across the market. GGT believes that this will
prove to be a highly valuable and marketable product for gamblers.
Paul Pullinger, CEO of Global Gaming Technologies plc said,
'This is a consumer application of huge value. The agreements we have reached
mean that we will allow consumers to find the best prices on offer across
betting exchanges. We intend to add further exchanges and betting information to
the platform, so that we can become a one-stop shop for gamblers who want to be
certain they are getting the best odds available.'
Joe Broadfoot of FansFC said,
'We are delighted to be working with GGT to allow this new application to access
prices and transact bets. This application will allow customers to see prices
and compare them directly with others in the market. We look forward to a
successful launch of the Oddstrader product'.
- Ends -
About Global Gaming Technologies plc
Global Gaming Technologies plc (GGT.L) was incorporated on 16 July 2004 and
admitted to AIM on 29 November 2004. It was created to build a group
specialising in enabling technologies for the gaming and other applicable
markets. Its first acquisition was Event Data Correlation Limited (EDC) on 27
June 2005. www.ggtplc.com
About FansFC
FANSFC.com is the largest independent UK Football news website in the world
providing 24hr up to the minute news and information on every team within: UK
Premiership, Championship, League One, League Two, Scots Premiership, Division
One, Champions League, Serie A, La Liga, Bundesliga. FansFC.com has 1.6 million
user sessions per month.
FANSFC.com is a leading soccer enthusiasts' community. The site allows users to
keep up to date with and discuss the latest transfer information and all other
news about their teams.
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