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SportingExchange Financial Statement for Year Ended 30 April 2009
“The profit on ordinary activities for the year was £24.8m (2008 £50.5m). ….During the year the company disposed of its investments in BDD Holding A/S and Invest World A/S, two companies in Denmark, which closed during the year. The company recognised a loss on disposal of these investments of £11.9m).”
I am trying to determine whether [...]
Betfair the “Masonic Lodge”
The relationship between William Hill and the betting exchanges has not been a good one. On January 29, 2003, David Harding on the subject of Betfair’s impact on the the over-round said; “Some racecourse markets now return overrounds of only 1.2 to 1.3 per cent per runner. That is not sustainable. I cannot have a [...]
Betfair’s Liability in relation to its software failing
As somebody who likes to “back and lay” on UK horse racing, I was more than annoyed, when having placed a bet on a UK horse race, Betfair’s software malfunctioned, meaning that I was unable to lay off my bet as was my intention.
To those of us that engage in backing and laying, the result [...]
Predicting the direction of the Market
Just bought Wall Street Rolling at 10287; will close position just before the close of business on X-Mas Eve – confidently banking profit.
Gold sell off continues apace.
Wrong figures, manipulated figures, people who had sold out just before the big sell off, crowded trades that were not dangerous …. the big sell off in Gold has continued, as the Dollar’s data-driven recovery rally gathered apace on Monday morning.
Gold Bulls and Dollar Bears Silenced
The price of Gold has plunged and the dollar has rallied strongly after the US government reported a surprise drop in the unemployment rate to 10 percent.
Those that felt that Gold was not a “dangerous” trade are looking a little shifty this evening. Gold is currently trading at $1149 an ounce, down nearly $59 on the [...]
Dark Pools, Black Holes and MidasOracle.
Q. What do Dark Pools, Black Holes and MidasOracle all have in common?
A. Not many people know what is going on within them.
Ladbrokes’ shareholders must call for Bell’s head.
In February 2008 the tame and compliant UK press were falling over themselves to announce the great news that the English billionaire Joe Lewis had taken a stake of 7% in Ladbrokes, worth about £133m.
The Guardian’s Nils Pratley was compelled to write at the time;
“Has Joe Lewis, the British billionaire, built a stake of 7% [...]
What happened to Betfair’s Arnault card?
Bernard Arnault is the 14th richest person in the world with an estimated net worth of $16.5 billion US dollars. (Forbes). In 2007, Arnault was listed among Time magazine’s 100 Most Influential People in The World. No bad thing for Betfar then, that Europeatweb, an internet-based fund controlled by Arnault, holds a 10 per cent stake in [...]
Proposed Betfair French ban great retirement present for Louis Romanet
During the Annual General Meeting of the International Federation of Horseracing Authorities IFHA held in Paris on 4 October 2004 , France-Galop’s then director-general, Louis Romanet, expressed his deep dislike of the betting exchange concept;
“Betting exchanges encourage the professional punter to cheat small punters, and they are a definite threat to integrity. [...]
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