Some of us went for the internet gambling boom. Some of us were even smart enough to quit while we were ahead.
On the other hand some of us ignored the warnings and stayed in long enough to get hammered thanks to the US Congress.
Recent history is littered with the corpses of internet gaming firms. Not 888, it seems…
Research: 888.L
We had to cover a penny share sooner or later, and at under 2p a share Betbrokers is an interesting proposition.
CEO Wayne Lochner is an ex money broker and wants to bring to bookmaking the disciplines of big time City money.
Whether or not his vision of a clearing house for betting will work remains to be seen. But at that price, maybe it’s worth a punt.
This interview makes noe sense.
Is gambling illegal in the amjority of the US or not?
Wayne Lochner seems to contradict himself on this point.
Given the recent press and resulting drop in the share price at Betbrokers, I cannot understand their statements regarding not having adequate funds to cover bets. They claim to broker the bets, i.e. match punters to bookies and take a commission on the stake. Why do they need to cover the bets?
There is something wrong here.
Should you find yourself waiting for a bus betting 20p on the outcome of a virtual camel race on your mobile, you’ve found Probability.
You might think this is a pioneering business which has found a new territory hitherto undiscovered by a battered industry.
Or you might think it is stretching the ethics of gaming too far for comfort and safety. Tell you what, let’s ask the CEO…
Research: PBTY.L
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NOTE. Steve says he has had a rummage in his portfolio and found that he owns about £1000 worth of this stock.
The old cliché has it that as far as the stockmarket is concerned one should go away in May and come back again on St Leger Day. What? And miss out on all the fun? Reeling retailers. Broken banks. Crunching credit. There’s so much more than mere capital accumulation, yield and dividend. Not only are there bargains out there but also more than the odd laugh. Click on the portfolio to see how our writers have got on against the market.
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