ONLINE SPORTSBOOKS
Forums Reviews and Ratings Archived Chats News Mediations Blacklist Links

November-25-2004,
BetonSports loses large...By MajorWager.Com

Much has been reported at MajorWager over the last 6 months in regards to BetonSports (BSS)IPO and stock value. In most cases it has not been very positive, and in some cases people have flat out called the initial float a "scam". Well it seems that today the piper got paid. The stock plummeted nearly 52% by the end of trading yesterday.

This will, no doubt, open some sleepy eyes of various regulators. Furthermore this could be a massive blow to the company that floated BSS, Evolution Group. Evolution group will be looked at very closely in this situation as this is the second time in 2 months that their companies have issued profit warnings shortly after the IPO.

It is not clear at this time what affect this devaluation will have on the company`s day to day operations, if any. BSS has stated that their handle (gross dollar value of bets taken)is down a whopping 28%, but more than that , gross margin is off close to 50% from the previous year.



US CITIZENS PLEASE NOTE:THE INFORMATION CONTAINED AT THIS SITE IS FOR NEWS AND ENTERTAINMENT PURPOSES ONLY. ANY USE OF THIS INFORMATION IN VIOLATION OF ANY FEDERAL, STATE OR LOCAL LAWS IS PROHIBITED.
� majorwager.com inc


Please be advised that if you are wagering over the internet, this is illegal in many jurisdictions. A wagering site may be operating legally at their location but it may still be illegal for you to wager from your location. We suggest you check on the legal situation from any jurisdiction in which you may wager.

MajorWager.com - Your Information Source for Online Sportsbooks, Industry Information, Online Handicapping.
Sport News - NFL, NBA, NCAA, MLB, Football, Basketball and Baseball.


Site Map | Contact Us | Forums | Scores | Stats | Resources | Glossary | Gamblers Anonymous | Online Guide
Majorwager is part of the Major Network
Best View: 1024 by 768
Home Live Lines Contact Us Recommended Mediation Requests Chat