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TURKISH DEAL CLOSE FOR I.O.M. INTERNET GAMBLING GROUP
Sunday October 9, 2011 : TURKISH DEAL CLOSE FOR I.O.M. INTERNET GAMBLING GROUP
Media reports that GVC and Sportingbet are close to a deal
Without citing its informants, the British newspaper The Sunday Times reported over the weekend that the Isle of Man-based GVC internet gambling group is close to clinching the acquisition of Sportingbet plc's Turkish operations. Both companies have reported their negotiations in the recent past.
Picking up on the story, the Reuters news agency noted over the weekend that such a deal would clear the decks for the Ladbrokes group, which is intent on growing its online presence and is in talks with Sportingbet, reportedly with a view to acquisition or merger.
Analysts have speculated that the Turkish issues Sportingbet has faced could be an impediment to a clean deal with Ladbrokes, citing previous deals where Ladbrokes has retreated due to reservations about operating 'illegally' in legislatively difficult countries.
Ladbrokes and Sportingbet have been negotiating since the middle of the year, and the latest news from the stock market is that Ladbrokes has until October 17 to put a formal bid for Sportingbet on the table.
Gambling News :
$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 -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
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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