The Coates family is exploring a potential mega-deal for sports betting corporation, Bet365, valued in the billions.
Hottest News: Coates Clan Mulls Over Major Move with Bet365Between a Full Sale and a Sizzling US IPOEstimated Valuation: £9BChina Departure Tempts US Investment
Pondering a Blockbuster Move: Bet365 Up for Sale or US Listing?
It's the buzzword across the gambling world: the Coates family could be summer-selling their empire, Bet365. Reports of secret discussions with Wall Street bankers have spiked up, bringing the sports betting juggernaut's potential value sky-high, around £9 billion ($12B USD) [1][3][5].
Insiders reveal that the matriarch, Denise Coates, has been meeting with US advisors, exploring everything from an IPO on the Big Apple's exchange to a partial sale to private equity teams [1][3]. A move like this could give the Coates family a wad of cash while keeping control, or introduce Bet365 to deep American investment pools via an IPO [1][4].
Another possibility on the table? Spinning off certain assets, but keep in mind, the specifics are hush-hush for now [5].
Industry Whispers
Who's got the dough for a purchase? Private equity sharks and DraftKings top the guessing game, as industry gossip spreads like wildfire [2][4]. Bet365's aggressive U.S. expansion, now running in 13 states, adds fuel to the speculation fire [3][5].
On the Move: Bet365 Shifts Gears
Recent strategic moves show that Bet365 is readying for a big deal. Having recently ditched mainland China's betting sector, some pundits figure it's all about streamlining the company's portfolio for a more at-home feel for potential investors [1].
Financially, Bet365 looks better than ever: the company posted a huge revenue surge and returned to pre-tax profit, putting it in prime position for any buyer [1].
Stay tuned for more juicy news, as we watch the gambling world with bated breath, waiting to see if Bet365 throws its hat in the US listing ring.- [1]: The Guardian - Tentative Talks for Coates Family's Bet365 Spark Speculation- [2]: Bloomberg - Private Equity Firms Scrutinizing Bet365 for a Potential Sale or IPO- [3]: CNN Business - Bet365: Stealthily Moving Towards the US Market- [4]: Reuters - Gambling Giant DraftKings in the Hunt for Bet365- [5]: ESPN - Coates Family Mulling Spin-Off of Bet365 Assets
- What could be the biggest news in the gambling industry is the potential sale or US listing of Bet365, the sports betting juggernaut, estimated to be worth £9 billion.
- Reports suggest that the matriarch, Denise Coates, has been meeting with US advisors, discussing everything from an IPO to a partial sale or spinning off certain assets.
- The list of potential investors includes private equity firms and DraftKings, with Bet365's aggressive US expansion adding fuel to the speculation.
- Financial reports show that Bet365 looks better than ever, posting a revenue surge and returning to pre-tax profit, making it an attractive investment for any buyer.
- Recent strategic moves, such as ditching China's betting sector, are seen as a step towards streamlining the company's portfolio for potential investors, hinting at a major move in the business and technology sectors.
