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Written On  5/3/11 By staff writer Emily Apontif :

UK land and online gambling group to pay $14.25 mill for Brandywine
The UK land and online gambling group William Hill plc is to buy U.S. betting company Brandywine Bookmaking as it expands further into the American sports betting market, reports the BBC.
The company will pay $14.25 million for Brandywine, which operates in the states of Nevada and Delaware. Sports betting is legal under federal law in only four US states - Nevada, Delaware, Montana and Oregon.
The British company will also provide a $1.4 million convertible loan as part of the deal.
Nevada has the largest market of the four sports betting states, with an estimated turnover of $2.7 billion in 2010, a company statement revealed this week.
Brandywine recorded revenues of $7.7 million in 2010.
The deal follows the acquisition of American Wagering Inc (AWI) and Club Cal Neva Satellite Race and Sportsbook Division for a total of $39 million last week (see previous InfoPowa report).
Ralph Topping, chief executive officer of William Hill, said: "Brandywine is a good strategic fit for AWI's and Cal Neva's sportsbook operations and will give William Hill a leading position in the US land-based sports betting market."
The acquisitions of Brandywine, AWI and Cal Neva's sportsbook division are all expected to complete in 2012, after finalising the licensing process.

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Gambling News :

Phil Ivey Loses Borgata Casino - Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.

NYX Gaming in deal with Endemol - "Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”

NEW CAMBODIAN GAMBLING LAWS - After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.

Congress To Review US SportsBetting Restrictions - Did the American Gaming Association’s campaign influence the decision to take another look at the 1992 Professional and Amateur Sports Protection Act?

Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

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