Nambling Notes - March 27, 2008

27 March 2008

Betfair is mulling expansion of their Australian business thanks to a High Court decision today that invalidated a Western Australian statute banning betting exchanges from offering bets to punters in the state. View the full story.

Following a year of heavy selling in its shares, PartyGaming non-executive director Lord Moonie's small bit of stakebuilding today sent the group's stubborn stock up nearly 3 percent. View the full story.

888 has gone live with 888Casino.com.

Germany-based operator Fluxx AG revealed a full-yearly consolidated loss of 5.7 million euros. The group said changes in the German regulatory framework prompted high spending and investment outlay for European expansion.

On the London Stock Exchange today, 888 was up 3.25p (2.1 percent) to 157.25, Ladbrokes was up 6.25p (2.1 percent) to 302.00 and London Capital Group was up 4p (2.1 percent) to 328.00.