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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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Gambling News :
Pokerstars Now Lead Sponsor of Global Poker League -
Alex Dreyfuss Global Poker League has received a significant boost from the announcement by Dreyfuss Mediarex Sports and Entertainment company Friday that online pokers biggest operator, Pokerstars, has signed on as lead and exclusive GPL sponsor.
Betconstruch invests in Ucrafts -
BetConstruct may have also been attracted by the obvious interest in Ucrafts business - the start-up has already gained 5,000 subscribers in just a few months of commercial activity.
Plus500 Founders Selling Off Shares -
Alon Gonen and Gal Haber respectively sold 7.2 million shares, retaining a 10.4 percent interest in the company; and 2.6 million shares, retaining a smaller stake of just 3.6 percent.
Rush Golf Live Launches -
Virtual sports provider Inspired Gaming has announced the launch of its latest product - Rush Golf Live - with Betfred the first operator to carry the game.
GreenTube and Chopsticks In Partnership -
Novomatic Interactive subsidiary Greentube has announced that it has signed a partnership deal with the Gibraltar-based mobile app developer Chopsticks In The Apps Ltd through which it will organize distribution of Chopsticks games through its online, mobile, social and land-based channels.
Singapore Gambling Exemptions Granted -
The issue of certain state-linked commercial organisations being granted exemptions from Singapores tough anti-online gambling laws has been on the table for the past few months and has been the subject of opposition complaints; protest petitions and general argument.
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