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ANALYST VIEWS: IS THIS A POSITIVE MOVE FOR SPORTINGBET ?

JAMES HOLLINS | DANIEL STEWART
“This is a strategically attractive move for Sportingbet as it should bring
greater liquidity and a wider potential investment pool to the stock, enhancing its reputation and, ultimately we believe, its stock value. Based on the current market capitalisation of Sportingbet, it would slot into the FTSE 250.”

GREG FEEHELY | ALTIUM SECURITIES
“Sportingbet has this morning confirmed that it expects its shares to be admitted to the official list. We view this move as very positive, particularly following the recent reinstatement of the dividend and our expectation of a successful settlement with the US Department of Justice in the current calendar year.”

KARL BURNS | SHORE CAPITAL
“This is a very positive move and shows that online betting is on the up. Sportingbet is obviously in good shape and it feels it is making the move at the right time. Shareholders seem to be comfortable with the decision and online gaming is getting a foothold across Europe.”