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!

5mins ago someone from United States United States played 12 Number Roulette

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

In the last 24h

  • New Members
    20
  • Members Online
    282
  • Guests
    2,005
  • New Posts
    189

Totals

Casino Of The Month

Casino of the Month

Casino Software

Highest Community Rated Online Casinos
138SunGame
  (24 Ratings)
Slotty Vegas
  (12 Ratings)
Jackpot Party
  (32 Ratings)
Bet365 Games
  (98 Ratings)
NextCasino
  (85 Ratings)
CasinoLuck
  (143 Ratings)
Betsson Casino
  (130 Ratings)
Guts Casino
  (97 Ratings)
Intertops Casino Classic
  (53 Ratings)
Spin Palace Casino
  (69 Ratings)
Betsafe Casino
  (102 Ratings)
Conan Casino
  (13 Ratings)
ComeOn Casino
  (141 Ratings)
Redbet Casino
  (74 Ratings)
Unibet Casino
  (75 Ratings)
Thrills Casino
  (71 Ratings)
Mr Green Casino
  (198 Ratings)
32 Red Casino
  (168 Ratings)
Sin City Casino
  (51 Ratings)
Vera John Casino
  (117 Ratings)
BETAT Casino
  (108 Ratings)
3Dice Casino
  (147 Ratings)
Liberty Slots Casino
  (94 Ratings)
Casino Saga
  (55 Ratings)
River Nile Casino
  (61 Ratings)
Virgin Games
  (37 Ratings)
Winner Casino
  (270 Ratings)
Ruby Fortune Casino
  (96 Ratings)
Mummys Gold Casino
  (105 Ratings)
BetVictor Casino
  (109 Ratings)