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Ladbrokes Shareholders Slamming Merger talks with coral
Wednesday November 18,2015 : LADBROKES SHAREHOLDER SLAMS PROPOSED MERGER WITH CORAL
It’s the wrong deal, says Dermot Desmond.
One percent Ladbrokes stakeholder, billionaire Dermot Desmond, slammed the GBP 2 billion deal between Ladbrokes and Coral in an open letter to investors, saying it would “effectively be the death of Ladbrokes” as an independent company.
Desmond wants Ladbrokes shareholders to instruct the board to evaluate other strategic options open to it before this deal is complete and goes so far as to suggest a review of the deal by an independent investment bank.
A Ladbrokes response said: “We have had significant dealings with Mr Desmond as both a shareholder and a commercial partner over recent times.
“We note his views and are not surprised by them as he has been in extensive dialogue with the management team and not been afraid to talk of undertaking such action.”
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 Microgaming’s 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 Sunday’s 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 –115.
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