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Thread: Congrats on selling Betdirect
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About LinkBacks- 11-01-2007 11:04 AM #1Senior Member
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Congrats on selling Betdirect
Skipping through the P&L the other day I saw that the Betdirect acquisition burnt a big hole into last year's bottom line. It was probably a wise decision to focus on the Casino/Poker activities and leave the Sportsbetting to Stan James who have more experience in that field.
- 11-02-2007 04:33 AM #2Senior Beer Member
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Bought for 12.5m last year
Sold for 5.5m this year
A GBP 7m loss in one year = congrats?
Cheers,
Paul (The Gooner)
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BookieLabRat - Find the Bookie that suits your payment choice - 11-03-2007 11:15 AM #3Senior Member
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Well, congrats for not losing all of it. I guess the house doesn't always win
But if you're losing I think it shows good judgment to realise when you need to pull the trigger on an investment. It looks bad as it is but I think Betdirect could have turned into a bottomless hole for 32red. Stan James on the other hand probably made a bargain and will know what to do to turn around Betdirect.
