BCL Betcorp

RNS Number:0988M
Betcorp Limited
15 November 2006


Regulatory Announcement

Wednesday 15 November 2006

                                BETCORP LIMITED
                          ("Betcorp" or "the Company")

                    COMPLETION OF SALE OF GAMING OPERATIONS
                            AND DE-LISTING FROM AIM

Following shareholder approval given at an Extraordinary General Meeting of the
Company held in Melbourne on 15 November 2006 ("the EGM"), the Company has
completed the sale of the Group's gaming operations and operating infrastructure
in Antigua and Toronto in their entirety to Bodog Entertainment Group SA on the
terms outlined in previous announcements.

At the EGM, shareholders also approved the cancellation of the Company's AIM
listing which will take effect from 7am, London time, on 23 November 2006.

As stated in the EGM notice, following completion of the sale, the net assets of
Betcorp will comprise cash, deferred consideration receivable from the purchaser
and creditors. Betcorp has no bank borrowings. The Board is currently
considering the best options for shareholders and a further announcement will be
made in due course.

Enquiries:

CPR Communications, Sydney (Investor Relations/Media - Australia)

Martin Cole                                                m.cole@cprcomm.com.au
Tel: +61 2 8213 3082

College Hill Associates, London (Investor Relations/Media - UK)

Matthew Smallwood/Jamie Ramsay                 matthew.smallwood@collegehill.com
Tel: + 44 20 7457 2020



                      This information is provided by RNS
            The company news service from the London Stock Exchange
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