UK bookmaker Ladbrokes plc is once again eying up an approach for online gaming operator 888 Holdings plc following a breakdown of similar talks four years ago.
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As the UK government looks to finally resolve the future of the state-owned Tote with likely bids expected from both bookmakers and private equity firms, the British Horseracing Authority (BHA) has pledged its support for an alternative to the sale which would see the Tote established as a charitable foundation.
Gibraltar based online gaming operator Stan James has become the latest European operator to enter the regulated US betting market with its acquisition of a majority stake in Racing2Day LLC for an undisclosed sum.
Shares in Sportingbet plc have dropped more than 8 per cent in London today after the company confirmed that rival online gaming operator Unibet has withdrawn from merger talks between the two parties.
Having failed to conclude the €3.4m sale of its Betshop business to Spain’s Grupo Pefaco in September, Leisure & Gaming plc, which is now in administration, has agreed to sell Betshop for less than a third of that amount to a syndicate of investors which includes Betshop director and CEO Gabriel Chaleplis.
France’s Mangas Gaming Group has acquired a stake in massive multiplayer online games (MMOG) platform, MassiveBrainGames, from IT consulting firm OCTO Technology, with the two companies also agreeing to a partnership to develop an online skill games platform specifically for Mangas’ players.
In what has been labelled an historic day for NSW racing, the New South Wales government has welcomed an announcement from the Sydney Turf Club (STC) and the Australian Jockey Club (AJC) advising their support for a merger - partly funded by Australian wagering giant Tabcorp buying out Racing NSW’s share of Trackside, a betting game recently reclassified from a gaming product to a wagering product.
Shares in Sportingbet plc climbed by 5.56 per cent in early trading Monday after the company admitted that “it has had and will continue to have discussions” with different parties in relation to a variety of potential opportunities.
Less than one year after taking full control of its Betbull Bwin Espana (BBE) retail betting business in Madrid, betbull Holding SE has announced that it has now sold its Spanish subsidiary to bwin Interactive Entertainment for €4m.
Britain’s Devilfish Gaming plc has agreed to sell its online gaming business, Devilfish Poker Ltd, to an as yet unnamed third party for £0.3m, ending months of uncertainty regarding the future of the company.
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.