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BetandWin to Expand European Market

25 September 2002

VIENNA, Austria – As reported by the Dow Jones: "Austrian online betting company Interactive Entertainment AG said Wednesday it will now concentrate on expanding in core Europe, rather than emerging markets.

"In a statement, the company said there were fewer opportunities and higher entry costs for online betting in emerging markets than in core Europe.

" also said it has temporarily suspended its project in the Philippines, due to business policy differences with joint-venture partner and license holder SAGE and the Philippine gaming authority PAGCOR.

"…In developed markets with high Internet penetration, there are lower growth rates for sports betting distribution via self-service terminals than for online business, the company said."

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