Sky Betting Gaming dampens talk of IPO

on . Posted in Skybet

Sky Bet takeover loan adjustedSky Betting & Gaming has rejected reports that it is to push ahead with plans to float on the stock market, stating that a final decision is yet to be made on the issue.

UK newspaper The Sunday Telegraph recently said that private equity firm CVC is in the early stages of planning a flotation for the company, with suggestions that the move could come as early as next year.

The newspaper added that CVC is considering a float in co-operation with UK pay-television broadcaster Sky, which still holds a 20% stake in the business, despite offloading its majority holding to CVC in March of last year.

However, Sky Bet has denied that a floatation is close, with the Yorkshire Post newspaper quoting a spokesman as saying: “No decisions have been made or process started regarding these issues.”

source : www.igamingbusiness.com

Lock full review www.8betting.co.uk 888 Bookmaker

Latest News

William Hill could sell Australian business
Wednesday, 17 January 2018
Thumbnail William Hill is said to be considering selling its Australian business over fears that a gambling crackdown in the country could impact profit. Yesterday (Monday), the bookmaker revealed in a...
Thumbnail Ladbrokes Coral Group has revealed that, on average, women working for the company are paid 15% less per hour than men. The gambling firm is one of hundreds of UK-facing businesses to have published pay...
Thumbnail Sky Betting & Gaming has named David Hopkins, formerly of William Hill, as head of programmes. Hopkins began his new role in October and has assumed responsibility for the delivery of key, strategic...
Thumbnail Ladbrokes has introduced a new omni-wallet service across its network of more than 3,500 betting shops in the UK.
Thumbnail William Hill has cited growth within its online business as the key reason behind a jump in revenue in the 17 weeks to October 24. Group revenue in the period increased 4% on a year-on-year basis, with...

Gold Sponsors

Follow us

Bookmark our site