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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 :
Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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