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!

27s ago someone from United States played Candyland

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
    23
  • Members Online
    424
  • Guests
    1,792
Highest Community Rated Online Casinos
SlotsMillion
  (124 Ratings)
32 Red Casino
  (407 Ratings)
Guts Casino
  (221 Ratings)
Club USA Casino
  (325 Ratings)
Mr Green Casino
  (341 Ratings)
Buzzluck Casino
  (198 Ratings)
Lucky Red Casino
  (255 Ratings)
Videoslots.com
  (194 Ratings)
Nexxedge
  (74 Ratings)
Bet365 Games
  (204 Ratings)
NextCasino
  (202 Ratings)
Unibet Casino
  (182 Ratings)
CasinoLuck
  (268 Ratings)
Betsson Casino
  (261 Ratings)
Redbet Casino
  (193 Ratings)
Betsafe Casino
  (237 Ratings)
Spin Palace Casino
  (140 Ratings)
Casino Extreme
  (204 Ratings)
ComeOn Casino
  (302 Ratings)
Raging Bull
  (113 Ratings)
Vera John Casino
  (213 Ratings)
Intertops Red Casino
  (146 Ratings)
Thrills Casino
  (183 Ratings)
Slotland
  (375 Ratings)
Ladbrokes Casino
  (172 Ratings)
BETAT Casino
  (237 Ratings)
Slotty Vegas
  (145 Ratings)
Casino Saga
  (125 Ratings)
Royal Panda
  (149 Ratings)
Winner Casino
  (377 Ratings)


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