Anyone holding these? Evil K drove the price right down and now they seem to be recovering---are they worth considering now they seem to have sorted out their finances?

StockMarketWire.com
Sportingbet has proposed the disposal of the Turkish language website and associated offshore assets for a minimum consideration of 125 million in cash to East Pioneer Corporation B.V. which is supported by a services agreement with GVC Sports B.V. a subsidiary of GVC Holdings plc.

The disposal is structured to be a three year earn-out followed by a balancing final payment.

Disposal of organisation and promotion of Turkish language gaming activities, effective immediately upon Completion.

The transaction is in line with the Group's strategy of increasing the proportion of net gaming revenue from regulated markets.

Post disposal, regulated NGR is expected to represent approximately 70 per cent. of total NGR in the current financial year.

Proceeds to be reinvested to enhance growth in the Group's regulated markets, either by specific marketing investment or in-fill acquisitions, or investment in new geographies.

Disposal of Turkish language website and associated offshore assets (the "Business") - conditions precedent satisfied

Further to (a) Sportingbet's announcement on 10 November 2011 announcing that the resolution to approve the disposal of the Business had been approved by its shareholders, (b) GVC Holdings plc's ("GVC") announcement on 16 November 2011 that GVC shareholders had correspondingly approved all necessary resolutions relating to the transaction and (c) GVC's re-admission to trading on AIM yesterday, the Company is pleased to announce that all conditions precedent have been satisfied and that the disposal of the Business is therefore expected to complete after market close on 21 November 2011.

Completion of acquisition of leading Danish online betting operators
Danbook Limited and Scandic Bookmakers Limited

Further to the announcement made on 12 October 2011, Sportingbet Plc today announces that it has completed the acquisition of the entire issued share capital of Danbook Limited ("Danbook") and Scandic Bookmakers Limited ("Scandic"). The aggregate maximum consideration payable for both Danbook and Scandic is £8.5 million, comprising the cash sum of £4 million and £0.5 million of Sportingbet shares at completion, with a further cash sum of £4 million subject to the satisfaction of certain performance conditions. The acquisition has been funded by a new 3 year £8 million facility with Barclays Bank PLC. The loan is repayable in annual instalments, commencing January 2013.

Danbook and Scandic are both focused on the Danish market, where they offer customers a full range of fixed odds sports betting, casino, poker and games. They were successfully awarded new Danish gambling licences in December, and launched websites compliant with the new Danish regulations on 1 January 2012. The conditions to the acquisitions have therefore now been satisfied.

Notification of Q2 & Interim Results
Sportingbet Plc will be announcing its Q2/Interim results on Wednesday 29 February 2012.

There will be a presentation for analysts and investors at 9.30am at Oriel Securities (150 Cheapside, London EC2V 7AN).

There will be a live webcast of the presentation on the company website, www.sportingbetplc.com. Registration for the webcast is required via the website on the day of the results.

HARRY 10 HMRC 0.....wonderful!

StockMarketWire.com
Sportingbet Plc reveals that 45% of revenues for the half-year ended 31 January 2012 came from regulated territories and a further 18% from territories where it is paying tax ahead of licence issuance

The online online sports betting and gaming group pointed to highlights such as the Centrebet acquisition completed 31 August 2011 and the Scandic Bookmakers and Danbook acquisitions completed 31 January 2012. Also the disposal of Turkish language business completed on 21 November 2011

Andrew McIver, Group Chief Executive, commented:"This has been a transformational six months for Sportingbet. We have acquired additional regulated businesses in Australia and Denmark and disposed of our Turkish language website.

"These, together with the movement towards regulation in our second and third biggest markets, of Spain and Greece, mean that by the end of our year we expect to derive over 75% of our revenues from regulated markets on an annualised basis.

"Following regulation in September 2008, our experience with Sportingbet Australia has demonstrated to us the long term growth potential for market leading brands in regulated markets. Our European business is being currently restructured to ensure it too is best placed to capitalise on the move towards regulation."

Final Payment to US Department of Justice

The Board of Sportingbet announces that it has now made the third and final payment of $6m to the Office of the United States Attorney for the Southern District of New York ("SDNY"), acting on behalf of the United States Department of Justice. As a result, Sportingbet has paid a total sum of $33m (£21.3m) in accordance with the terms of the Non-Prosecution Agreement which the Company entered into with SDNY on 21 September 2010.

Andrew McIver, Sportingbet Group Chief Executive, commented: "This final payment formally closes any risk which the Company may have faced from its former activities in the US. Given that the US market continues to show signs of regulating both by product, and by state in the near future, various opportunities exist to re-enter the US market and we are reviewing these."

StockMarketWire.com
Sportingbet is fighting an injunction which has been served on it in Spain.

Last December the Spanish land-based casino group, Codere, sought a number of injunctions against companies operating in the Spanish online betting and gaming industry, on the basis of unfair competition.

This was part of a campaign to restrict the online industry prior to the granting of licences under new Spanish legislation.

Sportingbet was not notified of the application against it and was given no opportunity to defend it. All of Codere's applications were rejected by various Spanish courts, with the exception of one in the Commercial Court in Madrid, where the court found against Sportingbet.

It firmly believes that Codere's injunction application was based on erroneous information presented to the Court and is a blatant attempt to disrupt the market in the run up to the issue of licences. The company subsequently attended a hearing at the Court in Madrid last month at which it defended its position.

In spite of this, the Court has granted the injunction which comes into effect today.

Sportingbet is filing an appeal against Codere's claim and says it has received advice that there is no legal basis for the action. This is supported by the decisions of other Spanish courts to reject Codere's applications for injunctions against other companies in the Spanish online betting and gaming sector.

StockMarketWire.com
The Board of Sportingbet is in discussions with the Spanish Ministry of Finance about a potential outstanding tax liability covering its operations in Spain from January 2009 - May 2011

Sportingbet Plc announces its results for the third quarter ended 30 April 2012.

Group
· Total amounts wagered up 10% to £555.9m

· 52% of NGR from regulated territories and a further 24% from territories where we are paying tax ahead of expected regulation

Australia
· Total amounts wagered up 78% to £369.1m

· Total NGR up 116% to £18.1m (like for like up 46% to £12.3m)

· Mobile accounted for 34% of online NGR in April

· Integration progressing well and synergies at least in line with previously stated

Europe and Emerging Markets
· Total amounts wagered down 38% to £186.8m (like for like down 4%)

· NGR down 47% from £45.7m to £24.2m (like for like down 7%)

· Spanish business suspended 27 March 2012 due to an injunction. Spanish license expected early June 2012 followed by anticipated lifting of the injunction

· Annualised fixed costs reduced by £15m

· In:play at an industry leading margin of 10.1%

· Mobile actives increase in excess of 150% year on year in largest domains


Andrew McIver, Group Chief Executive, commenting on the results said:

''Our Australian business, which accounts for over 90% of our profits, continues to go from strength to strength. The integration of Centrebet is nearly complete and our combined Australian business grew NGR by 116% in the quarter. Europe continues to be impacted by the recession and the effects of regulation. As we have demonstrated in Australia, the long term benefits of regulation are clear but take time to manifest themselves.''

Spanish eGaming Licence Grant
Further to the Company's announcement on 22 May 2012, Sportingbet announces that it has now been awarded a Spanish eGaming licence by the General Directorate for the Regulation of Gambling.

The grant of the eGaming licence negates part of the injunction, which was imposed on Sportingbet's Spanish business on 27 March 2012 and thus allows Sportingbet's Spanish business at www.miapuesta.es to commence trading when this regulated market opens. The market is expected to be formally opened at 8am BST on Tuesday 5 June. Sportingbet is now in the process of filing an application with the Commercial Court no.10 in Madrid to have the remaining parts of the injunction cancelled.

Obtaining the Spanish eGaming licence marks the latest step in the Company's stated strategy of increasing the proportion of the Group's gaming revenue from regulated markets.

Suggest this may be a good bet, my friend still holds these whenst they were in double figures i.e £3 a share which to date seems a life time ago.

StockMarketWire.com
Further to the Company's announcements on 27 March 2012 and 1 June 2012, Sportingbet announces that Commercial Court no. 10 in Madrid has cancelled the remaining parts of the injunction which was imposed on Sportingbet's Spanish business on 27 March 2012.

Sportingbet's Spanish business at www.miapuesta.es commenced trading on Tuesday 5 June following the receipt of an egaming licence and the opening of the regulated market.

Trading Statement
RNS
RNS Number : 5253J
Sportingbet PLC
08 August 2012



Sportingbet Plc

('Sportingbet' or the 'Group')



Trading update



Sportingbet, a leading online sports betting and gaming group, is pleased to provide a trading update for the fourth quarter ended 31 July 2012.



The trends experienced during the previous nine months of the year have continued into the final quarter and the Directors expect the full-year results to be in-line with market forecasts.



Our Australian business continues to perform strongly with NGR (pre tax and bonus) up 93% year on year (up 24% on a like for like1 basis). The integration of Sportingbet Australia with the recently acquired Centrebet was successfully completed during June, one month ahead of schedule. Additionally, the level of synergies realised is significantly ahead of our original expectations. The enlarged business is the clear market leader in Australian fixed odds online sports betting and currently represents a substantial majority of the Group's EBITDA.



In line with the sector, our European business has continued to face challenging economic conditions combined with the disruptive impact of newly regulating countries and associated taxation. Additionally, our largest European market, Spain, was closed for the first 35 days of the quarter until the licensed market launched on 5 June. As a result, European NGR declined by 41% year on year (like for like1 down 18%). The restructuring of the European business following the disposal of the Turkish language website has been completed.



Sportingbet plans to announce its Q4 and preliminary results for the year ended 31 July 2012 on 3 October 2012.

looks like plenty of upside here + chance of a bid

Is nobody else interested in these?

Watching the chart for a breakout above 45p leedslad> Not sure they are much of an outfit on a fundamental view though.

Broker note out today:
"The timing of William Hill’s move for Sportingbet may come as a surprise to many given that most would have expected the group to concentrate its fire power on exercising the William Hill Online call options. While a deal for both Sportingbet and Playtech’s WHO stake could cost in the region of £900m and would require an element of equity and debt funding, we believe that the company has the capacity to complete both deals in the near term.
We estimate that a deal to acquire Sportingbet alone at a price of 65p (cost £544m) could enhance FY13 EPS by 6%, and would imply 38% of group EBIT from online. Additionally we believe the implied ratings post a deal would be undemanding (FY13 PE of 11.4x and an FY13 EV/EBITDA of 8.3x). If the group was also to acquire the 29% of William Hill Online from Playtech for £350m (total M&A cost of £895m using a 10% equity raise and £675m additional debt) this would enhance FY13 EPS by 11%. Under this scenario c.46% of group profits would be derived from online, and the FY13 PE would be 10.8x and the EV/EBITDA would be 8.3x.
Overall, we would view the move for Sportingbet’s regulated businesses as a positive that makes both strategic and financial sense for William Hill. Based on our calculations, the implied multiples post a transaction appear undemanding for a group that would have such a growing online presence (up to 45% FY13 EBIT from online if the group exercises both M&A opportunities). BUY

Peel Hunt downgrades to Hold old TP 40p no new Tp.

"Sportingbet notes the recent press speculation regarding the approach by William Hill and GVC. The Board of Sportingbet confirms that it has received an indicative offer from William Hill and GVC of 52.5 pence comprising of 45 pence in cash from William Hill and 7.5 pence in shares in GVC. The Board of Sportingbet has responded that this indicative offer significantly undervalues the business and its future prospects."