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Bet365 owners consider sale that could value business at £9bn

Business

The Coates family is considering a full or partial sale of bet365 after discussions with Wall Street banks and US advisers, people familiar with the talks reportedly said. Options include a private equity investment or a future US listing; the company did not respond to requests for comment.

A sale or listing could change ownership of a major betting operator and create an investment opportunity.

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CBRE analyst says scale will matter as UK gambling market consolidates

In an interview, CBRE credit research head Colin Mansfield said scale matters to Bally’s long-term UK position as the market consolidates. Bally’s Intralot reported a 22.8% year-on-year rise in B2C revenue in preliminary Q3 results, attributing it to UK growth and the addition of Intralot’s B2C business.

Bally’s Intralot reported a 22.8% year-on-year increase in B2C revenue in its preliminary Q3 results, which it attributed to UK growth and the addition of Intralot’s B2C business. B2C revenue rose from around $210m to more than $257m in Q3.

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