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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.
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$400k Winner at Bodog Casino -
To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
PartyPoker Rakebak -
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NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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