General Betting
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Betfair, the online gaming exchange, has selected two investment banks to advise it on a £1.5 billion stock-market flotation.
It is understood to have chosen Goldman Sachs and Morgan Stanley to weigh up options for its future, which include a possible sale or share listing.
The firm took two billion wagers last year and reported earnings of £72m, a 29% rise, on sales 27% higher at £303m.
It believes it is well placed to lead a consolidation of the gaming sector.
It is understood to have chosen Goldman Sachs and Morgan Stanley to weigh up options for its future, which include a possible sale or share listing.
The firm took two billion wagers last year and reported earnings of £72m, a 29% rise, on sales 27% higher at £303m.
It believes it is well placed to lead a consolidation of the gaming sector.
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let's hope they use some of the money raised on creating a low-maintence, stable platform
The last time they considered floating they paid some financial sector ponce 2 million just to walk into the office and fart. I wonder how much they'll be paying these leviathans of the parasite world. You'd think having worked in the city they'd know that these people are f@nny merchants but no, it seems that those who work in the city end up believing their own publicity.
Just another step on the path from Fantasic innovation/product to oblivion via greed.
let's hope they use some of the money raised on creating a low-maintence, stable platform
:^0 :^0 :^0
It will go straight into the back pockets!
:^0 :^0 :^0
It will go straight into the back pockets!
PC may deliver short term profits, but if competitors like purple had any sense at all, they should have a plan to take half BFs market within the year.
You just don't get it - how can** take Betfair's market share without drastically increasing an exchange's lifeblood - LOSING money. Exchanges are a natural monopoly. Get over it.
No reason at all why exchanges should be a natural monopoly. Price competition should move them over to purp if only purp had a plan.
feck change the record please , your boring irate ramblings have ruined enough threads
Liquidity is the lifeblood of an exchange , competition dilutes liquidity , so a monopoly , however undesirable , is the natural order of things.
The key is the exchange with the monopoly does not abuse that position to the point where it destroys itself .
Exactly. If price competition worked perfectly why havent BF got close to 100% of the market?!!
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