25 Oct 2000

ICON has secured £555k interim funding for Firststake Plc to enable the business to build upon the recent launch of its online sports betting service.

The company established its Internet business, firststake.com, after listing on OFEX in November 1999. The site offers online sports betting facilities with up to the minute sports news service and has achieved impressive initial results since its launch in June this year - generating £1 million turnover and 2000 customers in just 14 weeks.

The company has global growth plans and is currently looking at expansion opportunites by way of both acquisition and joint venture.