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ots Ad hoc-Service: AG acquires exclusive rights to online marketing of horse betting

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    Kiel (ots Ad hoc-Service) -      

    - Takeover of Telewette completed - Acquisition of exclusive marketing rights to flat racing in Germany for Internet, TV and telephone AG (Reuters Code FXXG.F), of Kiel, an Internet service company and Germany's leading provider of Internet gambling services, today completed the takeover of DVR Telewette GmbH on the basis of the agreement concluded in July. now holds an 80 percent stake in the Cologne-based company, which specialises in telephone-based horse betting and operates its own TV programme on the news channel n-tv. Last year, DVR Telewetten GmbH handled betting stakes totalling in excess of DM 16 million.

    In addition to the original agreement, along with the signing of the contract has also acquired the exclusive rights to market betting on flat racing via all online media (digital TV, Internet, WAP, UMTS, telephone). In Great Britain, around DM 580 million was recently offered for a comparable 10-year licence for interactive media rights. The amount invested by in the acquisition of Telewette, including all associated rights, does not exceed a single-digit number of millions.

    The market potential for horse, sports and event betting in Germany is by no means exhausted, and according to a study conducted by Emnid is worth around DM 10 billion per year.

    Contact: AG, Investor Relations, Stefan Zenker, tel.: +49.431.8810484 or +49.40.85378847, mobile: +49.173.9138705, fax: +49.431.8810470, e-mail:

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