Sportingbet (LON:SBT) - Trading update
Aug 10th 2011 - Edison Investment Research today published a report on Sportingbet (SBT.L, LSE:SBT, LON:SBT) entitled "Trading Update". In summary, the report says:
Sportingbet directors “remain confident of the outcome for the financial year just ended”. The proposed acquisition of Centrebet is expected to complete at the end of this month and with Greece and Spain having introduced new gambling laws, over 50% of pro forma revenues come from regulated markets. A mooted exit from the Turkish business would increase that. Meanwhile there is no new news on the bid talks with Ladbrokes and we are unable to publish profit estimates.
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