Betcorp: Worst Performing Once Again

Submitted by Marco on 22 October, 2006 - 11:22

Betcorp (BCL) Stock Price Chart

Betcorp was once again the worst performing stock the third week running on the Australian sharemarket for week 42. The Betcorp stock lost 9 percent of their value this week after that devastating US legislation banning foreign internet gambling and on withdrawal of their US gambling businesses. It is also interesting to note that Betcorp (BCL) was also a loser of the week earlier in the year - in July: Betcorp (BCL): Loser. Watch Betcorp's decline in the first week and second week.

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!