Poker.co.uk

Poker Info
DATE: May 26 2012
TIME :

Poker.co.uk - Poker news archive

The Gambling Network

Poker.co.uk - Poker News Archive

Wednesday 15th August 2007

BetFred Considering Floatation

Online and land based bookmaker BetFred is set to capitalise on analyst�s predictions of a boom in the gambling industry by contemplating its first public offering on the stock market.

BetFred, the UK�s fourth-largest gambling chain with 670 betting shops, has instructed Rothschild bank to examine a variety of options including a �600m London initial public offering. The move comes as takeover bids are reported to be circling the profitable gambling firm.

Rothschild is also reported to have has acted in an advisory capacity to online poker company PokerStars on a potential private sale prior to it�s an initial public offering, although the deal collapsed after the introduction of the US�s introduction of the Unlawful Internet Gambling Enforcement Act (UIGEA) in October 2006.

However analysts, such as Ed Barton from industry researcher Screendigest are cautiously optimistic about the recovery of the US gaming market: �It�s not a matter of if but when. The US gambling is a huge market so many experts feel it will eventually be regulated,� he said.

Source: OnlineCasinoNews

View Similar Stories
Online Casino 888.com Announce Intention to Float
London�s famous online casino carries on with Cryptologic
888.com to Float
Best of British to Report Profit
CryptoLogic continues to be Ritz Club's developer of choice

Discuss this story in the Poker Forum. Last 5 Posts:
Saturday 26^th May, 2012: New Bap - Day 3
Saturday 26^th May, 2012: Party Poker and William Hill (iPoker) BAP
Saturday 26^th May, 2012: Brag Thread! Post your greatest wins (online or live) here.
Saturday 26^th May, 2012: WSOP Fantasy Draft 2012
Friday 25^th May, 2012: One way poker Swapsies

Poker.co.uk is part of The Gambling Network | Terms and Conditions | Privacy Policy | Contact Us | Gamble Aware

Poker.co.uk is operated by InTouch Poker Ltd (hereinafter called the "Company"), a limited liability company with registration number C44236, registered in Malta (a member of the EU since May 2004). The Company’s registered address is at Vincenti Buildings, Suite 623, 14/19 Strait Street, Valletta VLT 1432, Malta. The Company operates the Poker.co.uk online poker room under a provisional license issued and regulated by the Lotteries and Gaming Authority ("LGA") of Malta (issued on 2 December 2008, number LGA/CL3/412/2007). The software used for operating the Poker.co.uk online poker room is licensed from Boss Media Malta Poker Limited. Our services are not available to residents of the United States, US Virgin Islands, US Minor Outlying Areas or Turkey or any other jurisdiction that legally prohibits its citizens from engaging in online gaming.