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Worldspreads in Trouble !

Discussion in 'Gambling' started by Garrett, Mar 19, 2012.

  1. Garrett

    Garrett
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    Here are a couple of the news articles ...

    http://www.bbc.co.uk/news/business-17426707

    http://www.rte.ie/news/2012/0319/worldspreads-business.html







    Hopefully, there are not too many from here caught up in this and likewise, that it doesn't result in too many job losses (I'm pretty sure much of this business is actually run from Ireland, despite RTE suggesting there are only 5 staff - I think all of the back office operations are run through other related companies and thatrs why I think there are more than 5 staff involved).

    My own bet is that one of the other larger spread betting companies will quickly come in and buy up this business, though I'd have concerns that people with funds in their accounts may not get full compensation from the company itself (though as it's FSA regulated, they might pick up the tab up to a certain limit) ...
     
    #1 Garrett, Mar 19, 2012
    Last edited: Mar 19, 2012

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