6/7/10 – The management of Betoptions Limited, an Australian developer of race and sports wagering technology solutions for the international gaming and betting sectors, has announced that the company is being put up for sale.
The reasons for the sale appear to be the withdrawal of a major shareholder.
The Melbourne-based firm claims it is ‘profitable with positive cash flow’ and currently has five licensees using its software.
Betoptions was founded in 2001 and has 24 employees specialised in the building and selling of integrated wagering systems to fixed-odds betting providers, bookmakers, sports books and venue operators around the world.
The company announcement advises that Betoptions has been approved as a betting technology supplier in Britain, the Western Cape Gambling Board in South Africa and Australia’s Northern Territory and Tasmania.
“The company’s flagship Internet wagering solution, Wagerplayer software, has been approved for operation in the UK, Isle Of Man, Gibraltar, South Africa’s Western Cape, Australia’s Tasmania, Northern Territory, Australian Capital Territory and Victoria and the Philippines while a licence application has been lodged in Nevada,” a spokesman said.