Betfair Flotation Approved

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Sunday, 17 October 2010

By Simon Halberstam, of Kingsley Napley. Betfair today demonstrated that the renewed health of the gambling industry by announcing that its Board has approved plans to float on the London Stock Exchange and thus become a public limited company. The estimated value which is between £1.16 billion and £1.48 billion could place it in the FTSE 250 index.

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