The governance of Sky Betting & Gaming (SB&G) has stated that the betting operator has no current plans regarding a corporate flotation.
SB&G dismissed rumours that private equity owners CVC Capital Partners were looking to take the company public in early 2017.
The Sunday Telegraph reported that CVC Capital were in the ‘early stages’ of reviewing a potential floatation of SB&G, which CVC Capital acquired from UK broadcaster BSkyB Group in March 2015 for circa £800m (€956m), in partnership with BSkyB who retained a 20 percent equity in the online betting operator.
SB&G governance moved to counter the news story in a short statement, stating that “no decisions have been made or process started regarding these issues.”
Since its takeover, SB&G has undertaken a strong expansion strategy growing its resources and operations in the English cities of Sheffield and Leeds, and launching its Sky Bet brand in the Italian online betting market.