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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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2 New Christmas Slots For Microgaming -
Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.
SportsBetting Supreme Court Showdown -
Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)
NBA Odds: Heat Can Burn Cavaliers in Cleveland -
The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.
Games Concept Day in Malta -
The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.
AFC’s fight against match-fixing -
The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.
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