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Betbull has announced the company’s long-term plans for the rest of the 2008 year – the internet sportsbetting company will not only continue to develop and fine tune existing projects throughout the European Union, but is also launching an online casino gambling brand. The European gambling market is in a state of flux right now, the European Commission is targeted state-run monopolies that block foreign online casino and betting sites while other nations are beginning to offer new licenses and gambling opportunities.

Betbull is a smaller sportsbetting brand that has adopted an aggressive marketing campaign for the current year and is really looking for ways to develop a high profit margin. Although the online casino gambling industry is booming in Europe right now, some of the smaller niche gambling and betting companies run into problems in cornering a share of the market.

Betbull is currently expanding into the Spanish land betting market through a partnership with the Bwin online casinos and betting group. The Spanish market has only really just opened, and only a handful of other companies were granted licenses to operate betting in Madrid. The profits from this venture when it launches, coupled with efforts in Germany and the internet casino project for launch in the third quarter will payoff in the long-run. At this point though, Betbull is struggling a bit to earn positive pretax earnings.

The first quarter of the year has shown positive results for the company compared to the fourth quarter of 2007 – unfortunately though those figures are only just in line with Betbull’s Q1 2007 profits and figures. The launch of Betbull’s online casino brand is anticipated to increase the company’s profit margins.