..

Playtech Gains After Report of Talks With Ladbrokes

Written by:
Guest
Published on:
Feb/09/2011

(Bloomberg News) - Playtech Ltd., a web-gambling software company, rose after the Daily Telegraph said the company is in “exploratory talks” with Ladbrokes Plc about a possible merger.

A Ladbrokes spokesman, Ciaran O’Brien, said the company had no comment on the report when contacted by telephone today. A Playtech spokeswoman, who declined to be identified, also had no comment. Playtech gained as much as 5.6 percent, the most since Dec. 14.

Ladbrokes Chief Executive Officer Richard Glynn “has a clear mandate to grow the company organically, and he’s focused on that,” O’Brien said. “The board are also looking at other opportunities.”

In December, Ladbrokes said it was in preliminary talks with online gambling company 888 Holdings Plc. The Telegraph said today Ladbrokes asked UBS AG and Greenhill & Co. to explore links with Playtech, with a merger only one possibility.

Playtech has a five-year joint-venture agreement with Ladbrokes’ bookmaking rival, William Hill Plc.

Playtech rose 12.75 pence, or 3.3 percent, to 399 pence in London. The shares have declined 5.9 percent so far this year, giving the company a market value of 968 million pounds ($1.56 billion).

David Altaner and Tim Farrand

Business/Financial News

Bitcoin Sportsbook Deposit Bonus Offers

Here you will find the latest bonus offers at some of your favorite online sportsbooks.  These sites typically offer their best bonuses for funding with Bitcoin as this is the easiest method to deposit and withdraw. 

Bitcoin Worldwide Acceptance Monitor

Bitcoin Worldwide Acceptance Monitor

Here you will find all the latest news pertaining to Bitcoin's worldwide acceptance.  Bitcoin and other cryptocurrencies now account for upwards of 70% of all funding at many online gambling sites operating in restrictive (or highly regulated) markets. 

How Cryptocurrency Can Benefit You at Online Casinos

How Cryptocurrency Can Benefit You at Online Casinos

There are plenty of benefits for making cryptocurrency your payment method of choice when playing at online casinos – read on to find out more!

What is a Bookie?

What is a Bookie?

A bookie is someone who accepts wagers or bets on sporting events, and when the bets win they pay the players with the winning wagers and collect money from players with the losing wagers. A bookie can do this by accepting wagers over the phone with paper and pen or he can use a pay per head service.

Bet What Happens First?  Dow Hits $30K? Dow Hits $20K?

Bet What Happens First? Dow Hits $30K? Dow Hits $20K?

The Dow took quite a tumble Friday and this has prompted Betonline to offer a prop bet on what happens first: The Dow hits $30K or it hits $20K.

Syndicate