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Gambling Group L&G In Trouble
If Betshop deal falls through, gambling group could be in trouble
Beleaguered gambling group Leisure and Gaming plc has still not closed a deal in negotiations to sell off the Betshop subsidiary to Grupo Pefaco, and failure to do so could have negative consequences for the company, reports Sharecast this week.
On Monday, the firm said a possible share purchase agreement with Grupo Pefaco was unlikely and terms of exclusivity with Pefaco had expired without renewal, although communications continue.
On October 6 the company's bankers demanded payment, placing further pressure on L&G's solvency
Trading in L&G shares as been suspended since May while the company seeks to resolve cash flow difficulties.
On September 28, the company adjourned the general meeting convened on that date to determine the way forward until October 12 in order to give the company time to conclude a share purchase agreement with Pefaco. At that time a consideration of Euro 5.3 million was being debated.
There are reports from the Dow Jones news agency that L&G directors are still in talks with Pefaco but are additionally responding to contact with other parties who have expressed an interest to acquire the Betshop business since the expiry of the exclusivity period. Failure to sell off the Betshop group could see L&G going into administration.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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