New Star's Whittaker Takes Stake In Online Gambling
Last updated: 13/03/2008 16:59
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Stephen Whittaker, A-rated manager of the New Star UK Growth fund, has snapped up stakes in several online gambling stocks, as he believes these companies will grow strongly over the next few years.
Whittaker, who bought positions in PartyGaming and Gaming VC in June to sit alongside existing stakes in Sportingbet and Betonsports, said online gambling represented just 3% of world gambling business at present, indicating there was plenty of potential for online companies to expand market share.
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