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Sportingbet intends to move its shares to London's main market
4/15/10 - One of the industry's major online gambling groups, Sportingbet.com, has announced that it intends to move its shares to London's main market. The company has announced the cancellation of trading of its shares on London's Alternative Index Market pending its listing on the London Stock Exchange (LSE) next month.
The company, which generates almost 90 percent of its bets in Europe, expects the move and simultaneous cancellation from London's junior AIM market around May 14, subject to approvals, Reuters news agency reports.
"The official list is the most appropriate platform for the continued growth of the group by increasing Sportingbet's profile, assisting in the liquidity of the company's shares and providing a greater range of potential investors," the company said in a statement.
In related news, rumours that another top online gambling group, Betfair, is planning an IPO on the London market are gaining ground following the company's recent hiring of Morgan Stanley director Mark Brooker as head of strategy.
Industry observers point to recent moves by the betting group to expand its corporate communications by considering top financial PR consultancies in London, and to reports that it has been involved in a series of meetings with major institutional investors. At the beginning of the year, the company appointed Goldman Sachs and Morgan Stanley to advise on its options for the potential GBP 1.5 billion IPO (see previous InfoPowa reports).
Betfair spokesmen remain tight-lipped on the rumours and have declined to comment.
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
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