Betfair Shares Plummet 3 Percent Following Ratings Changes

Written by :

Aaron Goldstein

Published on :

17 June, 2015

Online gambling firm Betfair falls c.3 pct, one of the top percentage losers on the FTSE-250 mid-cap index after reporting results.

The company posted a better than expected rise in FY profit, led by strong revenue growth and a big surge in new customers but falls in early trading but a series of downgrades resulted in the share plunge Wednesday.

Panmure Gordon cut its rating to "hold" from "buy" citing higher valuations while Numis Securities also raised concerns over valuations and additional duties in the UK and Ireland downgraded to "sell" on June 5 )

- Aaron Goldstein, Gambling911.com

Lebron James Partners With Polymarket

On Saturday, James shared a short video on social media announcing a partnership with the prediction platform Polymarket. The Sixer then posted a longer commercial-ready version of the video Tuesday, in which James visits Polymarket’s fictional headquarters and its “sports” floor.

Florida Man Sues Wynn Las Vegas: Claims He Was Exposed to Legionnaires’ Disease During Stay

Ruben Feliciano, whose current residency only mentions the state of Florida, filed the negligence lawsuit Aug. 25 in Clark County District Court against Wynn Las Vegas with reports of the incident only reemerging this week.

Final Arguments Heard in New Mexico Pueblos Case Against Kalshi

In May, the plaintiffs — the Mescalero Apache Tribe, as well as the Pojoaque, Sandia and Isleta Pueblos — alleged in federal court that Kalshi violates tribal gaming compacts and federal law by providing anyone over age 18 access to sports gambling in New Mexico.

Underdog Fantasy Drafts Shuts Down in Massachusetts, Maryland, Mississippi, Ohio

A popular product within Underdog Fantasy, Drafts, will be shuttering in seven states over the next few days....just in time for the new NFL season.