BETonSPORTS Rated Good Investment Bet

BETonSPORTS entered AIM in July 2004, just as gaming stock reached a fever pitch. However, the company's earnings dropped by over 50% and its client base falling significantly. BETonSPORTS blamed the NFL results and advertising problems for this shaky beginning.

This year looks much better for the firm with the latest reporting revealing profits of $20 million. Clients have returned and are playing more than ever at this virtual gaming site. During 2005, BETonSPORTS purchased Easy Bets, a Malasian company considered a key to the Chinese market. It also purchased VO Group, based in Central American which is an online casino operations firm.

It is not yet clear how much the increase in profits resulted from the new acquisitions. The high prices paid for the companies makes the investing public feel it may have been a gamble to acquire these firms but hopefully it is another bet that will pay off.

Included in the financial report was a charge of $4.9 million described as 'restructing and management changes' which is very unclear. This exceptional charge is quite large and where the funds went is vague. What exactly are restructuring and management changes charges?

With many firms wanting to enter the Internet gaming boom, there are plenty of choices for investment. However, it looks like BETonSPORTS has a good history of earnings, making them a pretty good bet if you are looking to invest in gambling stocks. Other investors, however, feel that it might be a big gamble and are choosing PartyGaming, 888 and Ladbrokes or William Hill instead.