Betfair considers £1.5bn flotation

Gaming giant Betfair is considering a potential £1.5bn (€1.72bn) flotation amid discussions over the future of the firm, it was reported today.

Founders Andrew 'Bertie' Black and Ed Wray have agreed for meetings with banking advisers over the possibility of a flotation as Betfair looks to raise capital in a bid to lead the consolidation of the global gambling industry, according to The Sunday Telegraph.