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Latest online casino news

By admin on 2015-01-04 11:33:26

Now that we are into 2015 and a brand new year for our online casino games players, our regular look at the latest online casino news here at onlinecasino.ie concentrates this month on news of the online casino and online sports gambling operators which became available in December. First up is Betfair, primarily a betting exchange operator and now well into a recovery following their flotation of four years ago. The Betfair share price has finally risen above the flotation price as a result of better than forecast results and a £200 million cash return to shareholders. The recovery has been led by Breon Corcoran over the past two years, which included rejection of a bid from CVC Capital Partners eighteen months ago, a decision by the board which has proved to be a good one. Meanwhile CVC Capital Partners have bought a majority stake in Sky Bet, Sky’s online gambling business. Sky Bet dates back to BskyB’s purchase of Sports internet Group in 2000, which was an online sports gambling business which also offered a limited online casino facility for casino games such as Bingo and Poker, accessible from mobiles and TV sets. Another online gambling company apparently doing well is GVC Holdings, again primarily involved in online sports gambling. GVC Holdings is currently offering shareholders a very generous dividend yield of 8%, and promising to pay 75% of earnings in dividends. There are risks of course and although GVC Holdings currently operate web sites in 26 countries, 18 of those mean operating in unlicensed markets. All these companies, plus all our well known online casino operators face an interesting 2015 with the new point of consumption gambling tax recently introduced in the UK. It is inevitable that profits from all online casino and online sports gambling sites with UK customers will take a hit.