The shareholders of Expekt.com have entered into an agreement for the sale of the online betting and gaming operations of Expekt.com to Mangas Gaming.  The transaction is subject to customary regulatory approvals.

Expekt.com is a major European online sports betting company, addressing primarily the Nordic markets and Poland. It is also a major player in online poker.

Mangas Gaming is a company jointly owned by Stéphane Courbit, the highly successful French entrepreneur, and Société des Bains de Mer (“SBM”), the listed owner of casinos and hotels in Monaco, and has ambitious plans to create one of the leading pan-European online betting and gaming businesses.  It already owns BetClic, a leading online betting and gaming operator in France which also has a strong presence in Southern Europe, and a controlling stake in Bet-at-home, an online betting and gaming operator present in Central and Eastern Europe.  Including the acquisition of Expekt.com, Mangas Gaming is one of the top 5 online sports betting operators in Europe.

Following completion of the transaction, Expekt.com will be led by its existing senior management team, with Per Widerstrom remaining as Chief Executive.

The shareholders of Expekt.com were advised on the transaction by McQueen.

Information on Stéphane Courbit

Stéphane Courbit is the former chairman of Endemol France and a highly successful French entrepreneur. He has invested in production and energy distribution in France, and the Internet and entertainment industries.

Information on SBM

SBM is publicly listed on the Paris Stock Exchange and its major shareholder is the Principality of Monaco.  It operates the Principality of Monaco’s most distinctive assets, comprising palaces, deluxe hotels and casinos.  Its turnover for the year ended March 31 2008 was c.€440 million.

Enquiries:

George Fleet:                +44 20 7484 8807

Simon Croft-Baker:      +44 20 7484 8805