Sportingbet to join LSE main market by April 07/10/2009
SPORTINGBET IS TO join the London Stock Exchange main market within six months, the company said this morning.
The move will see the company move from the Alternative Index Market (AIM), the London Stock Exchange’s junior bourse, to the main market, and was announced together with Sportingbet's year-end results showing earnings before interest tax depreciation and amortisation (EBDITDA) up by more than a quarter to £39.7m, a 28% rise on the £31m recorded at the same point last year.
This was accompanied by a rise in net gaming revenue in the same period of 13% to £163.6m, from £144.3 in 2008.
Sportingbet group chief executive Andrew McIver (pictured) said the move “will provide the basis for Sportingbet’s continued growth and success.”
More on the Sportingbet results follows shortly.
As reported on EGRmagazine.com, Sportingbet was among the top 10 in this year’s Power 50 ranking of the world’s leading operators.
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Posted: 07/10/2009
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