THINK WE ARE LOOKING AT A 1 BAGGER IF DICKS IS GIVEN AN APOLOGY TOMORO....

Although we are still using the same calculation of SBT times 0.426 for a WGP takeover price, I think that is perhaps wrong.

I would see the offer being around the 100p level anyway, as was stated last time of being 104p.........

Therefore, the upside here remains very good for just a little bit of patience, expecially when the SBT CEO has said they are moving ahead with their expansion and acquisitons in the USA................eg......WGP :)

Someone has just bought 30k of shares @ 63.5p when bid is 59 and offer 63p. Must be looking good now!

Peter Shalson buys another 60K at 61p :) from the new rule 8.3 today :)

250K @ 62.25p have just gone through using 'b' trade type....What is B trade anyone?

Hi R88AVE,

A b trade is a broker to broker trade

Bluelady thanks....

Probably a good sign then gearing to sell at 100p each eh!

Hi R88AVE,

I hope so. I bought WGP and SBT on the day that SportingBet returned from suspension after the release of the chairman and SBT plummeted 40% on that day. Both have done me proud so far.

Bluelady, I was a late starter with both wasn't brave enough when SBT was down to something like 125p! which I wish I should done. I have been buying and selling SBT before with good profits. As you already it is a good company. You must a massive grin everytime SBT is in blue! I am new with WGP, I got in at 57p with the takeover prospects....so it is looking good at the mo.

Hi R88AVE,

I've only daytraded with SBT, although I think I held on for a day or two to get the profit. WGP I bought for the potential bid at just a tad over 50p so really happy so far. I notice you read TIM also. LOL

Bluelady,

Lets hope WGP brings us quids in eh you have good head start then 9p up.....

Sorry to sound a bit of a novice but whats is a TIM?

By the way today there has been 2 large broker to deals today....is this a good sign?

Hi R88AVE

LOL. Sorry for confusing you TIM is my shorthand way of saying This Is Money, Daily Mail.

mmm, one of the directors resigned.
Interesting wonder if he did not like what SBT was offering? Too low?
Could be anything I suppose... watch this space!

I would guess as Non-Execs they opposed the sale.......as WGP is turning the profit corner, in a few years it will be worth far more than 100p..........perhaps that is the reason ?

Anyway, them resigning looks like the SBT deal is going to go ahead :)

http://www.saveonlinegaming.com/

CONGRESSIONAL UPDATE: NROG has confirmed through sources close to Sen. Bill Frist that an attempt to attach gambling legislation to the DoD bill is indeed dead and all other efforts have failed. The source said "He (Frist) will not be moving forward with this legilslation before elections." Please continue to check back for updates and educate your friends and family. November's lame duck session is not that far away. Ths is not over yet.


Internet Gambling Legislation Dead For Now
written September 25, 2006

The National Right for Online Gaming (NROG) confirmed early today that Senator Bill Frists attempt to push through an online gambling ban before Congress breaks for elections has failed and no more action will be taken in the coming days. Speaking on condition of anonymity, a source close to the Senator told NROG that the efforts, including an attempt to attach to the DoD bill, have failed and he (Frist) will not be moving forward with gambling legislation before elections. Congress will return for a lame duck session in mid-November where this issue may take center stage again. The Senator has made Internet Gambling a priority before he exits the Senate and I will confirm that he is actively searching for a way to succeed.

..... http://www.eog.com/news/industry.aspx?id=8460

There is seem to be alot of media coverage this morning about the resignation of the chairman, and saying that US arrest etc is the main problem. What a load of bull!

Man Group seem to be steadily building a stake on the company they now own over 5%

Good strong move today, given the news on SBT I would think :)

Last 3 months' newsNews from 2006News from 2005News from 2004News from 2003News from 2002News from 2001News from 2000 Date/Time Headline Source
1 | 2 | 3 | 4 | 5 | 6
16:27 Sportingbet PLC - Mr Peter Dicks RNS
RNS Number:7402J Sportingbet PLC 29 September 2006


Sportingbet Plc
("Sportingbet" or the "Group")
Statement regarding former Chairman - Update


The Board of Sportingbet has been informed that Mr Peter Dicks, the Group's former Chairman, has been released from US custody this afternoon. The Board understands that following consideration of legal arguments presented by Mr Dicks' counsel, George Pataki, the Governor of New York, was not prepared to sign the extradition order requested by the Louisiana State Police. Mr Dicks is free to return to the UK.

Enquiries:


Smithfield (media) Tel: 020 7903 0669
George Hudson Tel: 07803 603 130
This information is provided by RNS
The company news service from the London Stock Exchange



END

ooop's

9/10/2006
World Gaming shares suspended 'due to uncertainty over continued trading'
AFX


LONDON (AFX) - World Gaming PLC said it has asked for its shares be suspended with immediate effect 'due to a fundamental uncertainty over its ability to continue trading'.

The AIM-listed online gambling company said the move relates to developments in US legislation and follows talks with key parties concerned and after having taken legal advice.

Last week, the company said, after reviewing its debt facilities agreement, that it 'may be in technical default of its loan conditions' after the Congress decided it was illegal for banks and credit card companies to settle payments to online gambling sites.

newsdesk@afxnews.com

According to the FT this company has now gone in to administration.
With only 10% of their business outside the U.S. I can't see this benefitting any of the other players much.
Commiserations to those who were still holding this stock.