Published on 30th November 2014
Investors should back the judgment of Breon Corcoran, the Chief Executive of Betfair, Matthew Goodman argued in the Sunday Times. In the Inside the City column, Goodman said Corcoran had quietly got Betfair into shape by cutting regulatory risk and imrpoving its website, taking the shares above the £13 float price for the first time in four years. Betfair has £250m of cash but Corcoran is unlikely to announce any largesse at results on December 4th. If a new government tax regime is as harsh as some expect, Betfair could capitalise on an industry clear-out.