plc The Board of betinternet, the global on-line gaming group, is pleased to confirm that the Company’s acquisition of a 22.5% stake in Global Coresports Limited, as previously announced on 18 March 2005, has been completed today.

The consideration for the acquisition of £250,000 in cash is being funded by the issue of a £250,000 loan note to Burnbrae Limited on which interest is payable by the Company at 6 percent. per annum.