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RANK BOARD CHANGES RECOMMENDATION AGAIN
Tuesday June 28 , 2011 : Shareholder confusion as Independent Directors to reject offer!
A statement issued by Guoco Group (Guoco) giving a more detailed explanation on its intentions with regard to the Rank Group's (Rank) London Stock Exchange listing has prompted Rank's Board to change its stance and reverse its recommendation, in part, that shareholders accept the deal as the Independent Directors of Rank intended to do so just last week.
In response, Guoco issued a statement stating its intention to continue with the listing whether it attains a 75 percent hold on the company or not.
While Rank's Board still maintain that the offer under-values the company and are concerned that the threat of de-listing remains, its Independent Directors have reversed their recommendation, on the advise of Goldman Sachs International, and now no longer intend accepting the offer with regard to their own beneficial holdings in the company.
They have further advised those shareholders who are risk-averse to sell and those who are not, to also reject the offer.
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FanDuel adds English Premier League action -
Daily fantasy sports operator FanDuel, which is now additionally active in the UK market, has announced the inclusion on its roster of English Premier League action, with associated contests scheduled for roll-out next week.
Coral Q4-2016 earnings reports -
Ahead of its forthcoming merge with Ladbrokes, the online and land gambling group Coral published its Q4-2016 financial numbers Thursday, detailing the twelve week period ended September 25 2016.
Unibet in cooperation with -
Online gambling operator Unibet Group has signed a cooperation agreement with the FIFA subsidiary Early Warning System GmbH (EWS).
Kiron Interactive in deal with Digitain -
The online gambling expo and conference EiG 2016 has enabled two online gambling companies to come together in a commercial deal; specialist virtual games supplier Kiron Interactive has inked an agreement to distribute its virtual games via Armenia’s Digitain.
GLOBAL SPORTS BETTING WORTH $253.3 BILLION BY 2020 -
Ujjwal Doshi, lead analyst at the research firm, says, “Low-cost cross-border service delivery is opening up sports betting markets, which were previously protected by state-regulated monopolies or dominant local operators.”
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