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Ladbrokes completes €30m betting exchange acquisition

1st March 2013 8:38 am GMT

Britain’s Ladbrokes plc has completed its €30m acquisition of Irish betting exchange operator Betdaq.

Ladbrokes has paid an initial consideration of €30m for Global Betting Exchange Alderney Limited, operator of the Betdaq exchange, and a 10 per cent stake in TBH Guernsey Limited, which provides the technology platform for the betting exchange.  Ladbrokes also holds a call option to acquire the remaining shares in TBH Guernsey after four years.

Half of the initial consideration has been paid [...]

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