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Sportingbet offer Approved
Friday February 22,2013 : SPORTINGBET OFFER APPROVED BY STAKEHOLDERS
Share and Bond Holders give their stamp of approval
The recommended offer for Sportingbet plc by William Hill Australia Pty Limited, a wholly owned subsidiary of William Hill plc, and GVC Holdings plc moves ahead as GVC and Sportingbet stakeholders approve the transaction.
Resolutions tied to the offer were approved by the majority of stakeholders at a Sportingbet Bondholder General Meeting, Court Meeting and the Shareholder General Meeting today.
Sportingbet's Bondholder meeting yielded 657 votes in favour representing 100 percent of the votes cast. 86.71 percent majority of Scheme Shareholders voted in favour of the resolution to approve the Scheme and its Shareholder General Meeting was passed on a poll by the requisite majority.
Completion of the Offer remains subject to certain conditions but is anticipated to become effective around March 19, 2013.
In related news, GVC Holdings PLC announced all resolutions relating to the deal were passed at an Extraordinary General Meeting of the Company also held today (Friday).
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Interwetten 2016 Earnings Results -
Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform
EU Online Gambling Tax Harmoney Dead -
Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.
Jack Lam Facing Big Fines in the Philippines -
It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.
PlaySugarHouse To Carry Konami Content -
Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.
ITF TERMINATES BETWAY SPONSORSHIP DEAL -
The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.
GSA To Launch European division -
The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.
Paddy Power Trading Update -
Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.
Tabcorp SunBets project -
The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.
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