According to a recent press release, Bodog, the Costa Rican-based online gambling and entertainment group, has embarked on an aggressive acquisitions campaign and has not only acquired Betcorp’s U.S. facing operations, BetWWWS but also expressed an interest in acquiring Sportingbet’s U.S. operations as well.

Under the terms of the agreement with Betcorp, which is conditional upon the approval of shareholders, the Bodog.com Entertainment group will acquire BetWWWS’ international infrastructure, which includes its international customer base, comprehensive gaming products, technology, licenses as well as the group’s Antiguan offices. The press release claims that the Bodog-Betcorp agreement is only part of an overall strategy on the part of Bodog to expand its brand presence in the international arena.

“This purchase, which speaks directly to the current strength of our business, is the first of many possible international acquisition targets under consideration,” says Calvin Ayre, the billionaire founder of Bodog.com. “We couldn’t be better positioned to build upon our current success and growth and to continue our aggressive push towards international expansion into markets such as Europe and Asia.”

Bodog.com believes that the acquisition of Betcorp’s international infrastructure will have far-reaching consequences for the online gambling industry as well as its international player-base.

“Our latest move has been part of our long-term strategy and only represents good news for the industry and for the many existing and prospective Bodog.com customers,” says Ayre. “It is in times such as these that players gravitate towards the strongest, most successful and most reputable companies. We’re confident in the strength of our brand and we’re confident that our players are, too.”

The press release further pointed out that there are collateral benefits resulting from the acquisition as it means that Bodog.com will be increasing its presence and its operations in both Antigua and Costa Rica. This means that new jobs will likely be created in Costa Rica and that hundreds of jobs will be saved in Antigua.

In other news, it was also reported that Bodog had expressed an interest in purchasing the discarded Sportingbet interests in the U.S. and was willing to pay considerably more than what Jazette Enterprises had paid for them. Apparently, Calvin Ayre even contacted Sportingbet’s Andy McIver to discuss a possible deal and was prepared to spend millions but nothing came of the conversation.

Posted on: November 6, 2006

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