Betcorp (BCL): Loser

Submitted by Marco on 7 October, 2006 - 18:43

Betcorp (BCL) Stock Price Chart

The worst performing stock on the Australian share market this week was Betcorp (BCL) closing down 60 percent on the week after the US Internet Gambling Prohibition Bill was passed.

Betcorp Limited is listed on the Australian Stock Exchange (ASX) under stock code BCL. You can view their investor website here. BCL was listed on the ASX on 5 May, 1999. BCL is also listed on the AIM market of the London Stock Exchange (LSE). Betcorp is primarily involved in online gambling and wagering. Betcorp was known as Consolidated Gaming Corporation ("CGC") before 2003. It is the objective of Betcorp to appeal to a wide range of recreational clients by expanding its revenue base into less volatile and less seasonal gaming products. Income is generated both by the traditional acceptance of bets on sporting and other events, a range of online casinos and from participation fees from poker, bingo and games of skill where the Group carries no risk. Browse for Australian stockbroker recommendations. Check your charts and good luck with your share trading!