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BoyleSports in Bidding War For Ladbrokes Betting Shops

BOYLE SPORTS IN GBP 100 MILLION BID FOR LADBROKES AND CORAL BETTING SHOPS
 
Irish bookmaking group wants those 350 to 400 retail outlets that the merged Ladbrokes-Coral giant will have to shed.
 
The 350 to 400 retail betting shops across the UK that the Competition and Markets Authority has ordered Ladbrokes and Coral to shed in order to proceed with their planned GBP 2.3 billion merger have attracted the attention of Irish online and land bookmaker Boyle Sports.
 
Irish media reports over the weekend have revealed that Boyle has assembled an approximately GBP 100 million bid for the British shops, heralding the major transformative impact it will have on the company.
 
Boyles retail director Jenna Boyle has confirmed her companys interest in acquiring the shops, revealing that it submitted its bid on Friday.
 
Earlier, chief executive and founder John Boyle made no secret of his ambitions to expand into the British market, saying that the CMA ruling represented a great opportunity to introduce fresh competition.
 
Ladbrokes operates about 2,227 betting shops in the UK and Coral about 1,850. The CMA wants them to substantially complete the sale of the shops before the merger can go ahead.
 
“It is now for the parties to propose a divestment package and one or more suitable purchasers for the CMA to approve,” Martin Cave, who chaired the inquiry, said two weeks ago.
 
Media reports indicate that Boyle will have some competition in the bidding; Betfred is reportedly interested, along with a number of private equity firms. Both Ladbrokes and Coral have indicated they are prepared to comply with the CMA ruling in divesting the shops, and have revealed that talks with a number of potential buyers are in progress.

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Gambling News :

Petition to Ban Online Gaming in Singapore - Singapore Pools and Singapore Turf Club’s application to operate online betting has triggered the origination of a petition that calls on the Government to deny authorization and stop legalization of online gambling.

Lost Vegas Slot Launches - “Lost Vegas” is a new release on Microgaming’s October roster, a five-reel 243-payline game that offers punters the option to play in either Survivor or Zombie mode throughout the base game, a choice that affects the symbols and bonus games on offer.

Leap Gaming Partners With Pala Interactive - Israeli-based developer Leap Gaming has clinched its second deal in a week, this with Pala Interactive for the integration of its virtual sports turnkey product to Pala’s white-label social gaming platform.

Sportech Racing Partners With Macau Jockey Club - Sportech Racing and Digital has partnered Macau Jockey Club (MJC) for the provision of a white-label digital pari-mutuel betting platform and other retail solutions.

Bla Bla Bla Studios - Under the terms of the deal Bla Bla Bla Studios will develop and distribute exclusive gaming content for integration into the Quickfire platform.

Betser Powered By SBTech - #Betser is inspired by fantasy football, private betting leagues and social betting. The offer includes a twin-track loyalty scheme devised by Malta-based Hero Gaming, who operate Casino Heroes.

EveryMatrix has appointed Glen Bullen as Sales Manager - Bullen assumes responsibility for the entire casino sales operation, particularly focusing on growing distribution of the newly-updated and expanded CasinoEngine platform into Tier One operators.

Freemasons Fortune Slot Launches - Booming Games has launched Freemasons Fortune, a new 3-reel, nine-payline game inspired by the enigmatic Freemasons fraternal order.

Hollywood Classic Slots launches - Penn Interactive has launched Hollywood Classic Slots, a social casino game developed in collaboration with its recently acquired social gaming company Rocket Games.

Pagcor relents on 20 venues - In an announcement to the local stock exchange Monday, the company revealed that 20 of its 36 e-bingo revocations have been lifted, enabling operations to continue.

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