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LADBROKES COMPLETES BETDAQ ACQUISITION
Sunday March 03,2013 : LADBROKES COMPLETES BETDAQ ACQUISITION (Update)
Call option for full stake in technology provider after four years
Ladbrokes' has announced the completion of its acquisition of Betdaq from TBH Limited of Global Betting Exchange Alderney Limited (GBEA), the operator of the betting exchange.
The deal includes a 10 percent stake in TBH Guernsey Limited (TBHG), the technology provider to GBEA with a call option to acquire the remaining shares in TBHG after four years.
6,952,405 ordinary shares of 28⅓ pence each in the company have been allotted to TBH as part of the consideration for the acquisition of GBEA, while application has been made to the UK Listing Authority and the London Stock Exchange (LSE) for these shares to be listed on the official list and admitted to trading on the LSE.
Dealings are expected to commence on March 4, 2013.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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