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Gambling/General : Online Casino Group - a Gold Mine for Investors

By Joni Hawk

Level: Oct 12th 2006
One of the best companies in Britain is turning out to be Bet Fair. The investors in the online casino group, according to some analysis, are set for a payout of 300 million. This internet company does not offer fixed odd bets, but it rather lets players set their own odds, and recently it has closed a deal with Softbank, the Japanese internet group.

The deal that was finished last week, Softbank bought a 23 per cent stake in the online casino company for 355m. Launched just six years ago, Bet Fair is valued at 1.54bn. Softbank has also increased the online casino company’s net cash position from 80m to 125m. And from the 355m, about 45m will be invested directly in the company via new shares.

A representative of the online casino group declared that smaller investors have seen about a 130 percent return on their money! However, there are some analysts that say the investors will decide to float the online casino company. According to a declaration by one of the managers, the company will be able to grow better privately and without major internal turmoil. The online casino company is solid and if they decided to launch it on the stock exchange it will be after some serious considerations.
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Casino Articles //  Gambling/General //  Online Casino Group - a Gold Mine for Investors

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