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Cash Back at Betfair

Positive financial results may mean cash back for many Betfair investors. Betfair is an internet betting company with holdings in various areas of the e-gambling sector including online casinos and internet poker. And though the company’s recent acquisitions have caused some lower than normal figures, the company has a large amount of liquid cash which most speculate will go right back to the investors. The online casinos sector, along with internet poker and betting, is a particularly lucrative industry and Betfair was well-positioned in 2007 to benefit from the European internet gambling boom.

Betfair is licensed to offer online casino gambling related activities in multiple European markets and is positioned to enter even more markets by the end of 2007. The company operates internet betting and other online casinos gambling activities in the UK, Australia, Austria, Germany, and Malta. Betfair is not wholly owned by any one company, but instead multiple investors funded company when it began in 2000. A Japanese technology investor, Softbank, bought into 23 percent of the company just last year.

These investors have yet to see a serious return on the investment…and now that Betfair has 182 million in cash the company will likely begin to dole the money out across the initial investors. There are multiple possibilities in terms of how Betfair can release the money. A few of the more common options that are widely used in companies within the online casinos industry are: using a third-party investor, refinancing, or a straightforward return of cash.

Importantly, these are just rumors within the online casino and betting industry – there is no firm information that Betfair plans to release any of the funds to investors. Secifically, the Times asserted that the company plans to release the information and release plan in the coming week.