Betfair to Re-Purchase Shares


GBP 50 million for share buy-back over the next twelve months

In the period of the next twelve months, Betfair will pursue its share re-purchase program, which will be conducted on the open market. This comes after a drop in share prices since its IPO in October 2010, and the company plans to buy back GBP 50 million of its ordinary shares.

According to Betfair’s CEO David Yu, “We have a plan in place to deliver long-term shareholder value through a combination of accelerating our revenue growth, driving further margin improvement and returning excess cash to shareholders.

“The share buy-back programme is one element of this plan. We have always been a very cash generative business which allows us to both invest for the future and return cash to shareholders."

General Gambling News

Login to post a comment:


 
 

Click Here to register a new account
 
 

What's going on right now!

4mins ago someone from United States of America United States of America read article Fuel Tank Explosion in Gibraltar Disrupts Online Gambling Services

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

In the last 24h

  • New Members
    24
  • Members Online
    239
  • Guests
    2,066
  • New Posts
    164

Totals

Casino Of The Month

Casino of the Month

Casino Software

Highest Community Rated Online Casinos
Bet365 Games
  (34 Ratings)
138SunGame
  (24 Ratings)
NextCasino
  (48 Ratings)
CasinoLuck
  (88 Ratings)
Lucky Live Casino
  (21 Ratings)
Jackpot Party
  (32 Ratings)
Sin City Casino
  (33 Ratings)
Norskespill
  (19 Ratings)
Spin Palace Casino
  (52 Ratings)
SuperLenny
  (13 Ratings)
Fonecasino
  (29 Ratings)
Betsson Casino
  (73 Ratings)
Casino Royale24
  (64 Ratings)
Casino Evolution
  (27 Ratings)
Thrills Casino
  (33 Ratings)
Smart Live Casino
  (26 Ratings)
Guts Casino
  (68 Ratings)
MonacoAces Casino
  (29 Ratings)
Monte-Carlo® Casino
  (19 Ratings)
SpilleAutomater
  (18 Ratings)
Whitebet Casino
  (31 Ratings)
Betsafe Casino
  (47 Ratings)
MadAbout Slots
  (18 Ratings)
Sky Vegas
  (18 Ratings)
Ladbrokes Casino
  (54 Ratings)
BETAT Casino
  (53 Ratings)
Luxury Casino
  (21 Ratings)
Liberty Slots Casino
  (39 Ratings)
Youwin Casino
  (19 Ratings)
Virgin Games
  (19 Ratings)