..

Ladbrokes Ends Acquisition Talks With Sportingbet

Written by:
Aaron Goldstein
Published on:
Oct/10/2011
Ladbrokes Sportingbet

Ladbrokes and Sportingbet announced on Monday the two gambling firms have terminated merger talks as part of a mutual agreement.

A statement from Sportingbet on Monday said: “The boards of Sportingbet and Ladbrokes agreed to end discussions as the parties were unable to agree either a suitable structure or one that delivered sufficient value to shareholders in a meaningful time frame.”

It was widely believed that Ladbrokes purchase of Sportingbet would be contingent on the later company’s sale of its Turkish betting business, however, other concerns reportedly arose in the interim

“As stated in the company’s final results announcement last week, the board of Sportingbet remains focused on its overall strategy of providing a first class sports betting product and of increasing its exposure to regulated markets,” Andrew McIver, Sportingbet’s chief executive, stated. “The board remains highly confident of Sportingbet’s prospects as an independent company.”

Shares in Sportingbet were 19.6 per cent lower at 36¾p in afternoon London trading, while Ladbrokes’ stock slipped 2.5 per cent to 117.6p.

- Aaron Goldstein, Gambling911.com

Business/Financial News

PricePerPlayer.com Expands its Operations with a New Office in the Philippines

PricePerPlayer.com Expands its Operations with a New Office in the Philippines

San Jose, Costa Rica – Sports Betting Software Development company PricePerPlayer.com is expanding its operations by opening a new office in the Philippines. The new offices will be a satellite office in Bonifacio Global City and will be known as Price Per Player Asia.

Bookie Pay Per Head Demo

PricePerPlayer.com offers prospective clients a chance to try their Pay Per Head software through a free two week demo.

Coingeek News

Here you will find all the latest news pertaining to and coming from Coingeek.com, a site founded by Gambling911 good friend Calvin Ayre.

Top 5 Tips: How To Become A Profitable Bookie In 2019

Top 5 Tips: How To Become A Profitable Bookie In 2019

Hello, money-making enthusiasts! Premier Per Head is back with another mind-blowing episode. Today we have a special guest joining us. None other than Premier’s own GM , Matty Morandi. "

Price Per Head Sportsbook Solutions

Price Per Head Sportsbook Solutions

If you are looking to be a bookie and accept wagers on various sports then the best option is to look for a price per head solution.

Syndicate