Share tip of the week: take a punt on this online bookmaker

This leading online sports betting group is a play on the recovery of the internet gambing industry. Here Paul Hill explains why you should buy in.

Over the past few years, investing in internet gambling has been as risky as taking a punt on the horses. For instance, Sportingbet, a leading online sports betting group, lost 70% of its revenues in 2006 after the US banned the industry.

However, since then the sector has steadily recovered. Faster broadband speeds and growing consumer confidence in making financial transactions online have helped, as has the launch of new products. A decade ago nearly all wagers had to be placed before the start of an event. Now punters can bet on events such as football matches as they happen. At the last count, 'in-play' represented 61% of revenues at Sportingbet's European unit.

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Paul gained a degree in electrical engineering and went on to qualify as a chartered management accountant. He has extensive corporate finance and investment experience and is a member of the Securities Institute.

Over the past 16 years Paul has held top-level financial management and M&A roles for blue-chip companies such as O2, GKN and Unilever. He is now director of his own capital investment and consultancy firm, PMH Capital Limited.

Paul is an expert at analysing companies in new, fast-growing markets, and is an extremely shrewd stock-picker.