Worldspreads signs deal with 188BET

Financial spread betting company WorldSpreads stated this morning that its UK subsidiary has signed an exclusive agreement with in-play betting specialist 188BET to provide a financial spread betting service to its clients worldwide.

Under the terms of this new partnership, WorldSpreads will provide 188BET’s clients with an online trading service (www.188financialspreads.com) which will offer highly competitive prices and the ability to trade the most popular financial markets including indices, currencies, equities and commodities. 188BET will promote this service to its extensive database of customers through its existing marketing channels under its own brand. 188Bet is a sizable player in the Asian market and has a dominant presence in both China and Thailand. WorldSpreads will initially focus on 188Bet’s UK business, however, it plans to move into its Asian business in the future.

Conor Foley, Group CEO WorldSpreads, said: ‘We are delighted to form a partnership with one of the world’s leading bookmakers. 188BET is a genuine global player and we are confident that our product and service will prove to be extremely popular in Asian markets in addition to the UK and European markets where it is already market leading.’

188BET has been busy increasing its presence in the UK sports betting market in recent times through its collaboration with various UK Premiership football teams. 188BET sponsors both Bolton Wanderers and Wigan Athletic, the first sports betting company to sponsor multiple football clubs in the Barclays Premier League at the same time.

Andy Scott, 188BET Chief Executive, said: ‘Financial spread betting is an obvious extension to our product offering and will be well received by 188BET customers. I’m delighted that we’ve found the ideal partner to offer these excellent products to our customers.’

This deal follows the news of WorldSpreads’ partnership to provide the same service to bookmaker Ladbrokes, which was announced in February. WorldSpreads chief executive Conor Foley has stated in the past that he wants to pursue these tie-ups as a low-cost way to fuel further growth in the business.

Tags: world spreads, worldspreads

This entry was posted on Tuesday, July 20th, 2010 at 9:34 am and is filed under Industry Happenings. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.