Increasing its investment in the Australian betting market, Irish bookmaker Paddy Power plc said Friday that it has increased its shareholding in Sportsbet Pty Ltd to 60.8% through the buyout of a minority shareholder for a cash consideration of AUD$13.0 million (approximately €8.5 million).
Last year Paddy Power acquired a 51% stake in Sportsbet, one of Australia's largest corporate bookmakers, for a maximum total outlay of AUD$58.5 million.
This morning the company confirmed it had acquired a [...]
