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  1. #1
    Senior Member Goldfinger's Avatar
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    Arrow 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.
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  2. #2
    Senior Beer Member TheGooner's Avatar
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    Exclamation

    Bought for 12.5m last year
    Sold for 5.5m this year

    A GBP 7m loss in one year = congrats?
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  3. #3
    Senior Member Goldfinger's Avatar
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    Default

    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.
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