Datacash Group PLC
02 October 2006
FOR IMMEDIATE RELEASE
02 October 2006
DataCash Group PLC
US Congress passes Safe Port Act
The Board of DataCash Group has noted the share price reaction to the passing by
Congress of the Safe Port Act and makes the following comments:
The Group currently receives approximately 30% of its revenues from US
originated payments down from 45% in December 2005. For the avoidance of doubt,
the Group does not and has not supported sports book betting transactions
originating in the US. The Group strategy has been to reduce the dependence on
US gaming and further evidence of this trend can be shown by the growth rates of
the non-US gaming business as a percentage of DataCash's total growth pro rata
over the past 12 months, currently running at 74% compared to the US gaming
growth rate of approximately 26%.
DataCash Group has a wide sector diversification in its business, for example in
retail, travel and telecommunications and this is expected to continue to show
good growth, and is already benefiting from the growing requirement for
integrated international payment processing and comprehensive risk management
services provided by the DataCash Group.
It is impossible to quantify the impact of the Bill at this stage, but the
company also believes that the effect may be to generate new and enhanced
opportunities to the Group for its non-US payments processing and risk
management activities as gaming operators diversify into other geographic and
business areas.
END
For further information please contact
DataCash Group PLC
Paul Burton, Director +27 21 528 4501
Andrew Dark, Director +27 21 528 4544
Keith Butcher, Director +44 (0)870 727 4760
MJ2 Business Communications
Tim McCall / Stewart Harris +44 (0)20 7491 7776
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.