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!

2mins ago someone from United States played Double Panda

Casino Of The Month

Casino of the Month

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

In the last 24h

Totals

  • New Members
    31
  • Members Online
    407
  • Guests
    1,872
Highest Community Rated Online Casinos
Guts Casino
  (286 Ratings)
32 Red Casino
  (521 Ratings)
Club USA Casino
  (396 Ratings)
Mr Green Casino
  (384 Ratings)
Buzzluck Casino
  (258 Ratings)
Lucky Red Casino
  (304 Ratings)
Videoslots.com
  (254 Ratings)
CasinoRoom
  (251 Ratings)
Bet365 Games
  (250 Ratings)
NextCasino
  (255 Ratings)
Raging Bull
  (192 Ratings)
CasinoLuck
  (326 Ratings)
Unibet Casino
  (235 Ratings)
TradaCasino
  (103 Ratings)
Betsson Casino
  (318 Ratings)
Redbet Casino
  (232 Ratings)
SlotsMillion
  (164 Ratings)
Betsafe Casino
  (298 Ratings)
Betspin
  (57 Ratings)
Vera John Casino
  (253 Ratings)
Casino Extreme
  (279 Ratings)
ComeOn Casino
  (359 Ratings)
Istanbul Casino
  (54 Ratings)
Ladbrokes Casino
  (204 Ratings)
InterCasino
  (204 Ratings)
Thrills Casino
  (248 Ratings)
Bet365 Casino
  (496 Ratings)
Slotland
  (436 Ratings)
Slotty Vegas
  (175 Ratings)
Royal Panda
  (181 Ratings)


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