Betfair to go public?


Will online gambling giant go public within the next two weeks?

The UK newspaper The Sunday Times has reignited rumours that online gambling giant Betfair is about to go public, reporting that the group is to announce a GBP1.5 billion public offering within the next two weeks.

If true, this would make the flotation one of the largest in Britain this year.

The exact price of shares is apparently yet to be determined, but Japanese technology investor Softbank paid GBP355 million for a 23 percent stake in 2003, from which the estimated value of GBP1.5 billion is derived by the newspaper.

Founders Ed Wray and Andrew Black would be the largest beneficiaries of the float; they own a combined stake of 25 percent of the company.

General Gambling News Gambling Law & Society News

Login to post a comment:


 
 

Click Here to register a new account

What's going on right now!

2mins ago someone from United States played Quick Hit Black Gold

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

Casino Of The Month

Casino of the Month

In the last 24h

Totals

  • New Members
    20
  • Members Online
    309
  • Guests
    2,063
Highest Community Rated Online Casinos
NextCasino
  (142 Ratings)
Bet365 Games
  (160 Ratings)
Unibet Casino
  (123 Ratings)
CasinoLuck
  (214 Ratings)
Betsson Casino
  (204 Ratings)
Redbet Casino
  (136 Ratings)
Spin Palace Casino
  (111 Ratings)
Mr Green Casino
  (271 Ratings)
Betsafe Casino
  (177 Ratings)
Slotty Vegas
  (101 Ratings)
32 Red Casino
  (294 Ratings)
Guts Casino
  (167 Ratings)
Winner Casino
  (328 Ratings)
Sin City Casino
  (93 Ratings)
BitCasino.io
  (166 Ratings)
ComeOn Casino
  (231 Ratings)
Liberty Slots Casino
  (166 Ratings)
Vera John Casino
  (167 Ratings)
Intertops Red Casino
  (116 Ratings)
Intertops Casino Classic
  (105 Ratings)
BETAT Casino
  (187 Ratings)
Thrills Casino
  (124 Ratings)
Ladbrokes Casino
  (146 Ratings)
Royal Vegas Casino
  (128 Ratings)
Casumo
  (127 Ratings)
Slotland
  (291 Ratings)
Jetbull Casino
  (99 Ratings)
Whitebet Casino
  (87 Ratings)
InterCasino
  (130 Ratings)
Betfair Casino
  (201 Ratings)


Follow LCB on Facebook Follow LCB on Twitter Follow LCB on Pinterest Follow LCB on Google plus