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Online gambling giant Betfair's co-founder Ed Wray had encouraging words for delegates to the Entrepreneurs Summit this week, telling them that although he had yet to see evidence of the business 'green shoots' heralding the beginning of the end of the world recession, he remained confident, and it was still a great time to do business.
"Some businesses in this room will fail", said Wray, but he opined that it was a useful reality check.
"Don't read or believe that we are out of this recession," he said. "I won't believe in green shoots until I see the whole plant."
Wray said that this was his first recession, adding that although the times were tough when he started Betfair in 1999, it was a "walk in the park" compared to the current situation.
Commenting that raising finance to found the Betfair concept back then had been difficult despite the dotcom boom, he said that trying to obtaining financing today was nigh impossible.
Ending on a positive note, Wray said he was nevertheless confident for the future. "If you build your business to survive these times, once the economy turns you will fly," he concluded.
"Some of the businesses in this room are the household names of tomorrow."
Gambling News :
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
MLB Odds: Yankees Favored in AL Wild Card Game -
After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.
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