|Betonsports recently became the third company to be floated on the stock market to suffer a major share price slump since the US government crackdown on gambling.|
The company had issued a major profit warning that triggered a 51 per cent slump in the share price. Floated at 140p, I then slumped quickly to 79p.
Betonsports said the Bush plans had caused radio stations to cancel about $110 million worth of advertising campaigns during the football season.
Betonsports also suffered a major loss of $3m on NFL games as 12 out of 14 matches went against the book.