Possible stock market flotation for Betfair


Online gambling giant engaging with investment bank advisers

The whispers of the past few weeks that online gambling giant Betfair is planning a public listing gained momentum over the weekend on the news that the company has engaged with two investment banks to advise it on a possible GBP 1.5 billion stock-market flotation.

The Sunday Times reported that Betfair has chosen Goldman Sachs and Morgan Stanley to weigh up options for its future, which include a possible sale or share listing.

The newspaper points out that going public could bring founders Ed Wray and Andrew Black a fortune, as the duo own 25 percent of the company between them. Another 23 percent is owned by the Japanese bank Softbank, which also stands to benefit substantially if a listing is achieved.

Betfair took two billion GBP in wagers last year and reported earnings of GBP 72 million, a 29 percent rise on sales 27 percent higher at GBP 303 million.

General Gambling News

Login to post a comment:


 
 

Click Here to register a new account
 
 

What's going on right now!

3mins ago someone from Poland Poland read article Self Exclusion Project Starts

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

In the last 24h

  • New Members
    16
  • Members Online
    265
  • Guests
    1,907
  • New Posts
    190

Totals

Casino Of The Month

Casino of the Month

Casino Software

Highest Community Rated Online Casinos
Slotty Vegas
  (17 Ratings)
138SunGame
  (24 Ratings)
Jackpot Party
  (32 Ratings)
Bet365 Games
  (98 Ratings)
NextCasino
  (85 Ratings)
CasinoLuck
  (145 Ratings)
Betsson Casino
  (130 Ratings)
Guts Casino
  (97 Ratings)
Intertops Casino Classic
  (53 Ratings)
WinTrillions Casino
  (11 Ratings)
Spin Palace Casino
  (69 Ratings)
Betsafe Casino
  (102 Ratings)
Conan Casino
  (13 Ratings)
ComeOn Casino
  (141 Ratings)
Redbet Casino
  (74 Ratings)
Thrills Casino
  (72 Ratings)
Mr Green Casino
  (198 Ratings)
Unibet Casino
  (76 Ratings)
32 Red Casino
  (169 Ratings)
Vera John Casino
  (118 Ratings)
Sin City Casino
  (51 Ratings)
3Dice Casino
  (147 Ratings)
BETAT Casino
  (110 Ratings)
Liberty Slots Casino
  (95 Ratings)
Casino Saga
  (55 Ratings)
River Nile Casino
  (61 Ratings)
Winner Casino
  (272 Ratings)
Ruby Fortune Casino
  (96 Ratings)
Mummys Gold Casino
  (105 Ratings)
BetVictor Casino
  (109 Ratings)