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Tabcorp to raise $430m as demerger plans confirmed

Recognising the different growth, investment and management characteristics of its businesses, Australian betting and gaming giant Tabcorp Holdings Limited has announced that it will pursue a demerger of its casinos business from its wagering, gaming and keno division.

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Leisure & Gaming puts Betshop back on the market

Leisure & Gaming plc (LNG) said Monday that it has failed to conclude definitive terms with Spain’s Grupo Pefaco SL for the sale of its betting and gaming subsidiary Betshop Group Limited, with the company now working towards finding a solution to avoid going into administration.

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GR88.com acquires Lifeofsports.com

International Arts Management Corp. has announced that its online gaming brand GR88.com has acquired the international college and university marketing organisation Lifeofsports.com.

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SGR acquisition leads to Sportech board changes

Having formally completed the acquisition of Scientific Games Racing this morning following the issue of consideration shares to Scientific Games Corporation, Football Pools operator Sportech plc has made a number of changes to its board including the appointment of Ian Hogg to a newly created role as chief operating officer [...]

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UK to launch open sale process for Tote in Autumn

Looking to finally resolve the future of the state-owned Tote, the UK government has announced that it will launch an open market sale process in late Autumn, inviting proposals for the business from both private bidders and other parties.

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CDI expands gaming business with $138m acquisition

Having recently completed its acquisition of fellow online wagering service Youbet.com, Churchill Downs Incorporated (CDI) announced this week that it has entered into a definitive purchase agreement to acquire Harlow’s Casino Resort & Hotel in Mississippi for US$138m.

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Spain’s Grupo Pefaco acquires Betshop for €5.3m

Leisure & Gaming plc (LNG) said Friday that is seeking shareholder approval to be reclassified as an investing company having agreed to dispose of its betting and gaming subsidiary Betshop Group Limited to Newco, a company established and backed by Spain’s Grupo Pefaco SL, in a deal worth up to [...]

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Webis acquires U.S-based WatchandWager.com

Further developing its presence within the U.S horseracing and pari-mutuel betting industry, Webis Holdings plc said Thursday that its pari-mutuel operation, European Wagering Services (EWS), has acquired Nevada-based WatchandWager.com LLC for a total cash consideration of $0.1 million.

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Sisal eyes Italian consolidation with stake in rival SNAI

Having rejected offers for its Italian gaming business last year, Italian sports betting giant SNAI has confirmed that it has received expressions of interest from a number of interested parties including rival gaming operator Sisal.

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iGame expands portfolio with Dailypoker acquisition

Malta-based iGame Ltd has announced the addition of Dailypoker.com to its growing portfolio, with Dailypoker.com’s customer database to be merged into iGame’s 24hpoker.com brand later this month.

24hpoker.com will offer a full games portfolio to the players acquired from Dailypoker.com including poker, betting, casino, bingo as well as live casino and [...]

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Tokwiro sells AbsolutePoker & UB

The Cereus online poker network, formed by AbsolutePoker and UltimateBet in 2008, has been sold to Antigua based Blanca Games for an undisclosed sum. The acquisition includes the Cereus network, operating software and the AbsolutePoker and UB brands.

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Betfair eyes stake in Philippines betting exchange

Having made its first major move into the Asian gaming market last year with an agreement to provide IT solutions to Interactive Entertainment Solutions Technologies (IEST), operator of a betting exchange in the Philippines, Betfair has now been offered a 40 per cent stake in IEST worth US$15m by Philippines-based [...]

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