News in brief: Betfair; GameAccount Network; Centrebet...
Betfair shares dropped below float price of £13 for the first time...
Betfair shares dropped below float price of £13 for the first time on Wednesday, falling 8% in value on Wednesday morning before making a slight recovery to £12.23. The company began trading on 22 October. Goldman Sachs, Barclays Capital and Morgan Stanley, all of whom advised Betfair on the float, gave cautious ratings and conservative price targets.
GameAccount Network has launched Pro Blackjack and Roulette Royale in Italy via its Italian partner Snai. Free-to-play versions of the games are now live at SNAI.it and SNAIabilita.it, as Italy prepares for the regulation of real-money casino games on the Italian market.
Centrebet has promoted Michael McRitchie to the position of managing director as of January 2011, replacing the current chief Con Kafataris. Kafataris will remain at the company as an executive director for a six to twelve month transition period.