Betfair Shares Plummet 3 Percent Following Ratings Changes

Written by:
Aaron Goldstein
Published on:
Jun/17/2015
Betfair Shares Plummet 3 Percent Following Ratings Changes

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

Gambling News

Circa Rumors Escalate

Derek Stevens, owner of the famed Circa Casino and Sportsbook in Las Vegas, had many folks talking Monday morning following a recent post.

How Do I Create My Own Bookie Website

How Do I Create My Own Bookie Website

Our friends at AcePerHead.com offer up three guidelines for creating your own sports bookmaking website.  It's easy as 1-2-3.  Just make sure you have enough capital on hand to pay players just in case you have a few bad months getting off the ground.

Syndicate