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Ladbrokes Responds to Dermot Desmond Concerns
Thursday November 19,2015 : LADBROKES RESPONDS TO SHAREHOLDER CONCERNS (Update)
Reiterates support for merger.
In response to billionaire shareholder Dermot Desmond’s public disapproval of the merger between Ladbrokes and Coral Group , Ladbrokes reiterated its recommendation that shareholders deliver a favourable vote.
The Board of Ladbrokes laid out a “compelling strategic rationale and benefits” of the proposed merger which include:
- The potential to deliver faster online growth
- The creation of the UK's largest LBO estate
- The creation of an extensive international portfolio of regulated businesses
- The delivery of significant cost synergies underpinning shareholder returns
- ability to operate across an enhanced and integrated technology platform
“The Board remains confident that shareholders will see the attraction of the proposed merger and continues to work towards a successful conclusion to the proposed transaction,” a company statement reads.
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Money Storm Casino -
Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
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PartyPoker Exits Australia -
From 31st August 2017 partypoker players will no longer be able to play from Australia. Players’ deposited funds are safe and available for withdrawal.
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Mercury Poker Live on MPN's Indian Poker Network. MPN India, established in 2015, is a ring-fenced poker network dedicated to the Indian market and operating exclusively in Indian Rupees.
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