Sky Betting Gaming dampens talk of IPO

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.”

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