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ANOTHER U.S. RACING DEAL FOR WILL HILL
Written On 5/3/11 By Recentpoker.com 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.
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 Microgamingís 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 Sundayís 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 Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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