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Ladbrokes Betting Exchange
01/09/2012 : We're talking technology - not company - acquisition says UK betting giant
British land and online betting giant, Ladbrokes, is negotiating with Irish billionaire Dermot Desmond, the owner of the Betdaq betting exchange, over a "technology" deal to revamp the bookmaker's faltering online business, according to a report over the weekend in the Telegraph newspaper.
The report speculates that the move by Ladbrokes CEO Richard Glynn is a bid to boost the company's internet operations by buying in the pricing and trading skills of an established peer-to-peer betting exchange.
Desmond, who has a stake of about 2 percent in Ladbrokes, set up Betdaq in 2000, though it has been dwarfed by its larger and more publicised rival Betfair.
The newspaper notes that Glynn is under some pressure, having walked away from four online deals since taking over as chief executive in April 2010. These included talks with 888, Playtech and Sportingbet, and pulling out of an auction for Australia's Centrebet.
Approached for comment, a Ladbrokes spokesman denied the bookie might be interested in buying Betdaq itself, valued at more than GBP100 million.
"It's only a discussion about technology supply," he said. "Exchanges have good up-to-the-minute pricing technology." The spokesman added that any deal would be financed from the GBP50 million already set aside for investment in online gambling by Ladbrokes.
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Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
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Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
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2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
Pokerstars Pulls Out Of Coloumbia -
Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.
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