down 60pc in the uk, page-4

Announcement released in the UK tonight:

Thursday 12 October 2006

BETCORP LIMITED

("Betcorp" or "the Company")

STATEMENT REGARDING US OPERATIONS

Following the announcement made by the Company on Monday 2 October 2006 in
relation to the passage of the Unlawful Internet Gambling Enforcement Act of
2006 (the "Act") in the USA, the Board of Betcorp has taken extensive advice
from its bankers, legal and other advisors as to the strategic and legal
implications for the Company and its subsidiary companies ("the Group").

The Board has concluded that, if the Act is signed into law by the US President
as presently drafted, the Group will no longer be able to accept funds transfers
from customers resident in the United States. Given that a substantial
proportion of the Group's customers are located in the United States, this will
have a very material adverse impact on the future prospects of the Group.

The Board is exploring various possible courses of action in order to preserve
shareholder value in the event that the Act becomes law.

A further announcement will be made in due course.

Enquiries:

CPR Communications, Sydney (Investor Relations/Media - Australia)
Martin Cole [email protected]
Tel: +61 2 8213 3082

College Hill Associates, London (Investor Relations/Media - UK)
Matthew Smallwood/Jamie Ramsay [email protected]
Tel: + 44 20 7457 2020