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Sportingbet Staying Strong

Perhaps the greatest assurance investors can hope for is the support of the company’s CEO. At Sportingbet, CEO Andrew McIver has demonstrated a belief that the online casinos sportsbetting company will continue to grow in the coming year by increasing his shareholdings to 1.2 million shares – this is well above the minimum number he is required to hold in the company. And though he has previously sold off millions of shares in the popular online casinos sportsbetting company, the gambling market is holding strong and the company apparently is looking toward a strong 2008.

The shares are not trading particularly high at the moment, but McIver has been with Sportingbet for seven years at this point (just one year acting as CEO) and it looks as though he expects Sportingbet to come back strong.

As for specific products and strategies for the coming year, the online casinos gambling company has not laid out any precise plans. On the management side though, Sportingbet has also announced that Peter Dicks will rejoin the company. Dicks previously left Sportingbet as a result of problems with the U.S. and the U.S.’s enforcement of the country’s online casinos gambling ban.