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Ladbrokes & CANAL+ Partner for French Online Launch

8th April 2010 7:58 am GMT

British bookmaker Ladbrokes plc has entered into a joint venture agreement with CANAL+, France's leading pay TV provider, to launch an online betting and gaming service under new French gaming legislation approved Tuesday.

The 50-50 joint venture agreement, which is conditional upon competition law clearances and subject to the new regulations, will see each party invest an initial £2.25m to fund the business.

Under the terms of the agreement, the new JV [...]

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