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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.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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