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William Hill Sportingbet Acquisition approved
Wednesday February 13,2013 : WILL HILL SPORTINGBET ACQUISITION APPROVED
Aussie authorities give the go ahead
William Hill PLC and GVC Holdings PLC have been given the go ahead from the Northern Territories Commission and the Australian Foreign Investment Review Board regarding ownership of the Sportingbet Australian business saying conditions of the offer have been satisfied.
In related news, William Hill Australia and GVC announced that the see-through cash value to be attributed under the Offer to the Sportingbet Convertible Bonds is being revised to GBP141,000 (previously GBP134,146) for each GBP 100,000 in principal amount of Sportingbet Convertible Bonds held. The aggregate value of this revision is approximately GBP 5.5 million.
The Sportingbet Shareholder General Meeting and the Bondholder General Meeting for Sportingbet Convertible Bondholders will be held on February 21, 2013 as the next step in the process.
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Gambling News :
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
Singapore Online Gambling Ban Begins -
Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.
Pennsylvania Online Gambling Updates -
Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.
WSOPE In Czech Republic -
World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.
BtoBet Partners with AfroBet -
Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.
Pissed off Tabcorp shareholders -
A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.
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