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Gambling.co.uk: Gambling News Archive
Bush plans hit another gambling group
Another one bites the dust
Wednesday 24th November 2004
Betonsports recently became the third company to be floated on the stock market to suffer a major share price slump since the US government crackdown on gambling.
The company had issued a major profit warning that triggered a 51 per cent slump in the share price. Floated at 140p, I then slumped quickly to 79p.
Betonsports said the Bush plans had caused radio stations to cancel about $110 million worth of advertising campaigns during the football season.
Betonsports also suffered a major loss of $3m on NFL games as 12 out of 14 matches went against the book.
Source: OnlineCasinoNews
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