Sportingbet Bounces Back [Edition 2]

Summary


SPORTINGBET, the online bookmaker that looked like it was heading for the glue factory after it was thrown out of the US three years ago, celebrated its comeback today with a reinstatement of the dividend and plans for promotion from AIM to a main Stock Exchange listing.

The British bookmaker today reported a 26% leap in underlying profits to Pounds 31 million in the year to the end of July. Amounts wagered rose 17% to Pounds 1.5 billion. There is a 1p final dividend for the first time since 2006.

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Sportingbet Bounces Back [Edition 2]

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