13th of September 2010 Author: Glo Wood
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
10th of October 2010
26th of August 2010
4th of May 2015
1st of May 2015
12th of March 2015
16th of April 2015
24th of March 2015
23rd of April 2015
27th of March 2015
Disclaimer Contact Us Privacy Gambling Help About Us Site Map
LatestCasinoBonuses.com © 2006-2015
Join now for full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
PLUS join now and get...
100% up to $1000 PLUS 25 free spins! Sponsored by ClubUSA Casino, US OK.
View more information here