LONDON, ENGLAND (June 23, 2003) – Sports Information, Ltd., a United Kingdom company, today announced its acquisition of VegasInsider.com, Inc., previously a subsidiary of SportsLine.com, Inc. Terms of the deal were not disclosed.
VegasInsider.com is a leading publisher of original proprietary sports and sports gaming information as well as a leading e-commerce website that offers sports handicapping tools and advice for sports gaming enthusiasts. Known as the highest traffic website in its industry, in peak seasons VegasInsider.com has nearly 60,000 daily unique visitors who generate over 600,000 daily page views. VegasInsider.com was launched as its own brand in March 1997. This early launch helped to firmly establish VegasInsider.com as a leading online destination for sports gaming enthusiasts.
Sports Information, Ltd. is an operator of sports gaming information websites in Europe and Asia and generates sports content for use by partner websites. Like VegasInsider.com, Sports Information’s websites are informational only and do not accept wagers of any kind.
"It was a fantastic opportunity to acquire VegasInsider.com -- the best and strongest brand for sports gaming information in the United States," said Joe Saumarez Smith, Chief Executive of Sports Information, Ltd. and President of VegasInsider.com, Inc. "I have enjoyed a partnership with VegasInsider.com since its original launch in 1997 and have seen the consistent growth of the product and audience over the years. The management team is the best in the business and their integrity is unparalleled in the industry."
Sports Information, Ltd. also announced that it will retain the existing management and key staff of VegasInsider.com as well as maintain offices in South Florida and Las Vegas so that the company can continue to successfully operate as it currently does. "Our goal is to preserve and grow the going concern value of VegasInsider.com for its customers and partners. The only visible changes will be enhancements to the user’s experience on the website and a further expansion into global sports coverage to take advantage of SIL’s expertise in European and Asian sports," said Joe Saumarez Smith. "When you have a great business and business model, the key is to build on the success and not to try to change too much of what is already a highly successful operation."
VegasInsider.com is a leading publisher of original proprietary sports and sports gaming information as well as a leading e-commerce website that offers sports handicapping tools and advice for sports gaming enthusiasts. Known as the highest traffic website in its industry, in peak seasons VegasInsider.com has nearly 60,000 daily unique visitors who generate over 600,000 daily page views. VegasInsider.com was launched as its own brand in March 1997. This early launch helped to firmly establish VegasInsider.com as a leading online destination for sports gaming enthusiasts.
Sports Information, Ltd. is an operator of sports gaming information websites in Europe and Asia and generates sports content for use by partner websites. Like VegasInsider.com, Sports Information’s websites are informational only and do not accept wagers of any kind.
"It was a fantastic opportunity to acquire VegasInsider.com -- the best and strongest brand for sports gaming information in the United States," said Joe Saumarez Smith, Chief Executive of Sports Information, Ltd. and President of VegasInsider.com, Inc. "I have enjoyed a partnership with VegasInsider.com since its original launch in 1997 and have seen the consistent growth of the product and audience over the years. The management team is the best in the business and their integrity is unparalleled in the industry."
Sports Information, Ltd. also announced that it will retain the existing management and key staff of VegasInsider.com as well as maintain offices in South Florida and Las Vegas so that the company can continue to successfully operate as it currently does. "Our goal is to preserve and grow the going concern value of VegasInsider.com for its customers and partners. The only visible changes will be enhancements to the user’s experience on the website and a further expansion into global sports coverage to take advantage of SIL’s expertise in European and Asian sports," said Joe Saumarez Smith. "When you have a great business and business model, the key is to build on the success and not to try to change too much of what is already a highly successful operation."
