Online gambling looks like being the next boom area in the UK, with the news that a 24 hour Internet betting company's is teaming up with Sky Sports online.
Netbet will offer millions of Sky customers the opporunity to bet on sporting events, including soccer and tennis, over the Internet. Netbet is conveniently based in Alderney in the Channel Islands which allows its customers to avoid tax.
Details of its tie up with Sky have not been made clear, but it is thought that Sky will take a share of revenue generated from the service.
Netbet was initially listed on Oftex at 70p a share. Dealing was suspended ahead of the deal at 230p - on resumption the share price soared to 415p. Netbet, like many other online companies has seen its value on paper soar overnight. It is now thought to be worth around £40 million.
To comment on this story, email [email protected]
The groundwater basins in some areas of Tehran have been damaged irreversibly
This is the first time that any spacecraft on Mars has recorded air vibrations on the planet
Arctic sea ice is thickening at a faster rate during winter, thus slowing down long-term decline: NASA
But, the seasonal ice growth could only delay the demise of the Arctic ice cap for a few more decades
We sacrificed our weekend to try out the new Vikendi map coming to PUBG - and rather liked it