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Betfair embarks on a corporate road show as shares slide
Posted 1/16/11 : Online gambling group Betfair, which launched an IPO amid much fanfare late last year, has found its share price slipping, answering the threat with a high level road show for investors, according to UK business press reports.
The Daily Mail reported that by Monday last week the shares were trading down 33 percent on the launch price in October 2010 of GBP13.
The road show team, headed by chief executive David Yu, made presentations in the offices of giant US broker houses like Morgan Stanley and Goldman Sachs, both of which had sponsored the GBP 1 billion IPO.
The newspaper reports that the initiative must have struck a chord somewhere, because the shares have since bounced back, touching 947p late in the week before closing 2.50p easier at 922.50p.
"The IPO made Betfair more attractive to foreign investors, as it attempts to expand into new markets overseas. On that score, word is Yu has two or three international deals up his sleeve which should bolster its rating," the newspaper opined.
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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