Tag Archives: ipo

500.com share price set to tumble as China suspends lottery sales

The Easter holiday break has provided further bad news for embattled New York listed Chinese sports lottery operator 500.com, as Chinese authorities made a new announcement regarding the sale of online lottery services/products. A joint public communication led by China’s Ministry of Finance and eight other governmental bodies stated that all lottery sales serviced through online verticals or through third …

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Lennart Gillberg: establishing Spiffx as the alternative market place

Preparing his company for a Noridic OMX NASDAQ IPO, Spiffx Founder Lennart Gillberg explains to SBC why he is bringing the innovative new betting exchange to the market and his company’s goals for 2015.  SBC: Can you outline your corporate journey from creating an alternative betting exchange to listing on the Nasdaq Nordic OMX? Lennart : We started four years ago by having …

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Alternative betting exchange Spiffx to launch IPO

Start-up betting exchange Spiffx is to launch its IPO on the Nordic Nasdaq OMX next month as it aims to establish itself as the main alternative exchange, used by both high value bettors and sportsbooks. Spiffx has developed a system as yet unseen in the betting industry by using tools normally found in the financial markets, providing punters with a …

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Gala Coral planning to auction off bingo halls

Gala Coral has made a positive move to divest its bingo division by recruiting Lazards to set up a sale, according to the latest reports in the Financial Times. Any sale would allow the company to concentrate on its betting business, mainly the UK’s third biggest retail estate. The gambling operator is hoping that its 135 bingo halls will generate …

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