WHAT DOES THE FUTURE HOLD FOR EXTRABET?
6 November 2009
Management movements evoke speculation on UK
sportsbook
The online sportsbetting division of Brit financial
spreadbetting group IG Group could be up for sale,
according to reports last week on the Slackbelly blog,
followed up by The Times.
The blog points to the
sudden departure of Extrabet's respected chief Stuart
Lane, speculating that his move is the precursor to IG
offloading the sportsbetting operation.
Apparently such an event has been the subject of
speculation in UK business circles, using the logic that
IG generates the vast majority of its revenue and profit
from clients trading financial markets via its IG Index
platform, while sports clients are rarely converted into
more profitable financial clients.
In following
up on the story, The Times reports that rumours of
underperformance at Extrabet and an imminent sale have
been denied - presumably by contacts within IG. However,
as The Times writer observes - watch this space!
Online Casino News Courtesy of
Infopowa
More news here.
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