Online Casino Transfer: News - Betfair Rumors Fly

02/04/2010		Online Casino Style: News Betfair Rumors Fly
Home History Games News Dictionary		While responsible gamblers know that its folly to believe everything you read in relation to the online casino world (or else put yourself at risk for being scammed into false bonus promises by unscrupulous internet gambling companies) but the spread of rumors in the online gambling community is often so juicy that to not pass the tidbits on would be just as hasty. That being said, rumors are flying as to the possible changes that Betfair might well make for themselves in the coming weeks, with most alluding to the probability of going public with their stock, and some saying that the firm has hired on the advisory services of two different financial institutions for stock-market floatation, or even sale. According to a recent article published by The Sunday Times, Betfair has signed advisory contracts with both Goldman Sachs and Morgan Stanley, two American investment banks, to weigh out the options for their future. The choices on the table are reported as including share listing, possible sale or merger, but most believe that a stock market flotation is the current favorite, a choice that would equal £1.5 of change. In an ironic twist, both of the investment banks are representatives of the financial industry of America, the same institutions that come June will be wholly responsible for the persecution and identification of online gambling companies continuing to service the American gambling public illegally. The Times, however, mention only that the option of going public with Betfair’s stock would make tremendous amounts of money for the founders Ed Wray and Andrew Black, as the duo still hold 25 percent of the company between them. The Japanese financial bank, Softbank, owns another 23 percent, though no statement has been made by the company in reaction to the possible fortune that could potentially be coming their way. Betfair is in no way struggling, as the internet gambling group managed to take in more than £2 billion in bets last year, and came out of 2009 with £72 million in reported earnings.

02/04/2010

Online Casino Style: News
Betfair Rumors Fly

While responsible gamblers know that its folly to believe everything you read in relation to the online casino world (or else put yourself at risk for being scammed into false bonus promises by unscrupulous internet gambling companies) but the spread of rumors in the online gambling community is often so juicy that to not pass the tidbits on would be just as hasty. That being said, rumors are flying as to the possible changes that Betfair might well make for themselves in the coming weeks, with most alluding to the probability of going public with their stock, and some saying that the firm has hired on the advisory services of two different financial institutions for stock-market floatation, or even sale.

According to a recent article published by The Sunday Times, Betfair has signed advisory contracts with both Goldman Sachs and Morgan Stanley, two American investment banks, to weigh out the options for their future. The choices on the table are reported as including share listing, possible sale or merger, but most believe that a stock market flotation is the current favorite, a choice that would equal £1.5 of change. In an ironic twist, both of the investment banks are representatives of the financial industry of America, the same institutions that come June will be wholly responsible for the persecution and identification of online gambling companies continuing to service the American gambling public illegally.

The Times, however, mention only that the option of going public with Betfair’s stock would make tremendous amounts of money for the founders Ed Wray and Andrew Black, as the duo still hold 25 percent of the company between them. The Japanese financial bank, Softbank, owns another 23 percent, though no statement has been made by the company in reaction to the possible fortune that could potentially be coming their way. Betfair is in no way struggling, as the internet gambling group managed to take in more than £2 billion in bets last year, and came out of 2009 with £72 million in reported earnings.