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Many on-line bookmakers offer a bonus as an incentive for new prospects to sign up with their betting site. The firm, founded by former Tory Social gathering Treasurer Peter Cruddas in 1989 and half-owned by Goldman Sachs which has a 10 per cent stake, mentioned it expects to raise round £17million from the launch to pay for admission prices and an incentive scheme for workers. Final 12 months, CMC announced a dividend of £15million - which gave Mr Cruddas £13.5million for his ninety per cent stake. Purchasers of unfold betting and monetary buying and selling agency CMC Markets might buy a stake within the business after it confirmed plans to float on the London Inventory Exchange next month