Gambling Shares A Beacon in Tough Economy
While there continue to be few bright spots in the world economy, gambling shares both online and in the Asian gaming Mecca of Macau, continued to defy the trends.
3rd quarter results this past week at major online gambling venues and the introduction of betting exchange Betfair to the London Stock Exchange with an IPO of $2.84 billion have many investors excited.
Betfair Shares Start Off Strong
Betfair’s listing on the London Stock Exchange this past Thursday started off with a bang. The company’s shares rose almost 20pc the very first day of trading.
The 10-year-old company and world’s largest betting exchange is valued at £1.6billion, while co-founders Edward Wray and Andrew Black stand to make £18.9m and £16.6m, respectively, from the flotation.
Bookmaker Wrong on Back To The Mac Event “Lion”
Bookmaker.com, which garnered plenty of good press on Tuesday with its odds on the “Back to the Mac” event, will have to pay out money on one of its offerings.
Bookmaker: Children’s Place, Aeropostale Most Likely to be Bought Out Next
Crown Casino Strike Averted
A CASINO worker strike planned during Melbourne's busy Caulfield Cup has been averted.
Leisure & Gaming Only Trying to Sell Betshop
(SHARECAST) - Hard-up online betting group Leisure & Gaming has confirmed it’s in talks to sell trading subsidiary Betshop Group (Europe) Limited, not the whole company.
"Further to the announcement of yesterday, the company confirms that it is in discussions re the sale of its trading subsidiary, Betshop Group (Europe) Limited, only and is not seeking or expecting any offers for Leisure and Gaming plc," it said in a statement Tuesday.
Ladbrokes Reports Strong Results Thanks To World Cup
Strong third quarter results are being attributed to the summer’s World Cup betting at Ladbrokes.
