General Betting
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21 Aug 11
12:07
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Date Joined:
10 Jan 02
betfair would just buy them out and, unless betd@q were well on their way to becoming the dominant exchange, Dermot Desmond would be glad to be shot of it.
Would the monopolies commission allow them to?
Would the monopolies commission allow them to?
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Replies: 53
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I think Betfair management/owners ar far to arrogant to even consider any other exchange to be a serious treath.
They will be in for a surprise faster than almost anyone would believe. |
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They did hold talks on buying them out before Eddie. Never came to anything presumably because of asking price.
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They would also be buying back customers they've worked so hard to lose.
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I also think an offer would have to be "to good to be truth" if desmond were to sell when business is finally picking up after all these years.
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Could Betfair afford it if a rival got up to say 33% of the market, given that effectively what they would be doing is trying to buy the rights to shut it down.
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Does anyone have access to any financial repOrt from them ?
Would be helpful to see how they are doing. |
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the issue then would be, buy it and shut it, buy it and amalgamate it, or buy it and leave as is but introduce the same charges?
all would be expensive ways of adding something to the portfolio with very little real value. and would potentially open the same gap in the market for someone else who might exploit it better and with more resources. I agree it might happen, but I don't think it's as clear cut for BF as suggested. |
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inner city sumo
21 Aug 11 12:15 Joined: 18 Aug 02 | Topic/replies: 5,051 | Blogger: inner city sumo's blog They would also be buying back customers they've worked so hard to lose. --------------------------- Absolutely right, but this management may need that explained to them. I do think the Monopolies Commission would put their foot down in this case, witness their opposition to Lads buying Cors some years back and that hardly spelt monopoly. A more likely scenario for me is someone (not purple) buying BF...the`ve hit the buffers, this is as good as it is going to get. |
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If they got big enough that BF wanted to buy them out and succeeded, then surely the people who were using them due to not wanting to use BF would just go to wherever opened up next.
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I think its rather the case that Dermot Desmond wants betfair, after all betfair has ten times the liquidity at least and makes healthy profits and Desmond only copied the betfair model to try and cut
a slice of the action, they have been around 10 years and made little impact, if they spent vast amounts of money like betfair then they might of got somewhere by now |
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Another point is that betfair are doubling every 3 years, some have tried to say they have matured but
there is no evidence of this, there growth and perfect almost profit record is very good and compared to duckpond it would take a miracle for them to reach betfair even in another ten years time so to base speculations on the condition of duckpond catching them is in the 1000/1 realms of betting[;)] |
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They've doubled previously because there were avenues to exploit- poker, arcade games, developing new ideas for markets (or copying from bookies) etc. More international markets are blocking them (e.g. France) than relaxing their legislation to let them in. The company is decreasing in value in the stock market.
A rival does not have to topple or reach Betfair to be a problem. |
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Would the monopolies commission allow them to?
For sure Feck. Betfair are already getting away with monopolistic practictes because they can make the legitimate claim that as a bookmaker they are operating in a very competitive environment, even though as an exchange they have a huge monopoly position. |
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You don't need France to secure a businesses future, new markets will open and are opening
more than half the trade comes from overseas and that figure will continue to rise, mobile is shooting through the roof, imagine if china becomes more westernized and that opens up or America drops the casinos strangle hold on on-line gambling then massive markets will open. Super powers are having too much control over people but the people will win in the end[;)] |
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You cant stop the INTERNET and the revolution that it is providing
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But those avenues aren't open for growth, so how do they double over the next three years?
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Want to bet on it, America has to start addressing its debt and allowing fair trade in the gambling sector is looking like a big possibility now as the senate is getting rocked into catching
pace with the modern world also china will want to raise its game and the Chinese love to gamble so I cant see that market not one day opening up |
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Britain was once the pioneer of world trade and if others want to do what we managed to do well they better take there blinkers off and Marshall free enterprise.
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The Chinese love to gamble, but, here's a newsflash to you, the Chinese government aren't the most liberal of operations out there. Why would they let Betfair come in and take money out of their country?
As for the USA, they are very conservative politically, and because of the broadly religious nature of the country, gambling is seen in a very poor light. Even if they did open that market up in the sake of generating revenue, they're not going to give that revenue to a foreign country. |
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imagine if china becomes more westernized and that opens up
or America drops the casinos strangle hold on on-line gambling then massive markets will open. Why would countries of that size with no real legal barriers to setting up a government run exchange allow betfair to take the bulk of gambling money out of their country? Particularly as betfair have already shown them how NOT to do it with their massively bloated exchange. |
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So whos fair to gamblers globally, the American and chinese goverments or betfair?
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Betfair is British and I for one am sticking with them
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You can keep your euros and dollars and yen am betting in pound notes on betfair
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Have you started betting now then?
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Betfair is British
* licensed in Malta. |
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Anybody heard the news that last year Europe overtook the united states as the top economy in the world
so now America has a plan to join up Mexico and Canada to make a super state and open up its borders just like europe has done, very interesting development there planning super-highways joining up there neighbours with them |
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Good point mr angry but new tax rules may force them back here
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The world is globalising and the Internet proves that it can work
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29 replies, and 12 from the same enigma.....
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Hey can I help it if I have an active mind
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Am off now, going to do some survey work on my favorite dog track hove, the pearl of brighton
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Hey can I help it if I have an active mind
John Nash had an active mind...... |
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why it betfair buying betdq? if betdq get to 50% of betfair, then betfair value would be well under 300 million...easy to buy betfair out and fire all the donkeys
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The billionaire financier Dermot Desmond has done something few wealthy Irish businessmen have managed of late: held onto his fortune. According to today’s Sunday Times Rich List, the Kaiser is the third-wealthiest man in the country, worth €1.3 billion. Alone among those in the top five, he makes most of his money in Ireland. Other tycoons whose wealth was hitched to the Celtic tiger have disappeared down the ranks. Down almost 100 places is Sean Mulryan; Jim Mansfield is down to his last €100m. The difference is that Desmond is a master of timing, with a long history of bailing out of investments at exactly the right moment. He was certainly burnt by the collapse in bank shares, but otherwise appears relatively free of the financial woes afflicting so many of Ireland’s former high-flyers. He’s also proved his staying power. Desmond has been flying high since the grim 1980s, before the property developers even dreamt of owning private helicopters. He had his wings clipped in the early 1990s, following a scandal over a land deal involving the then Telecom Eireann. It was his lowest point, friends agree. But he re-emerged, slightly bruised, definitely pricklier, as one of the canniest investors this country has produced. This is not a man who would sell out to BF imo, especially with liquidity improving at a good steady rate. |
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No doubt a clever man but he will never own the best exchange, 10 years and a tenth the size of betfair
proves this case completely. |
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In many ways it is a better exchange(over) already,prices can be better,lower commission and no pc.
Case proven completely. |
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Feck, I guess they could make some kind of arrangement with China, US, Japan etc. similar to BF Australia.
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Interestingly betduck are apparently trying a new thing with a 'regular bookie' interface that I believe gets prices from the 'normal' betduck markets. (I've not used it but they are promoting it). I hope they don't eventually become a regular bookie, and leave the exchange idea to BF as a monopoly..
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Just checking, you can delate 'apparently'.
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