..

Sportingbet Still in Talks With Ladbrokes

Written by:
Aaron Goldstein
Published on:
Sep/19/2011
Sportiingbet Still in Talks With Ladbrokes

Sportingbet revealed on Monday that it is still in discussions with Ladbrokes about a possible takeover.

Rule 2.6(a) of the Code requires Ladbokes to make a formal decision no later than 17 October 2011 by 5 pm.  The deadline can be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code, according to the RTT News Service. 

News of talks between the two companies emerged over the summer.  Ladbrokes attempt to acquire 888 Holdings last year fell apart.

Sportingbet’s shares spiked by nearly 16 per cent back in June after news broke that it had received the "highly preliminary approach" from Ladbrokes.

Sportingbet, with its strong foothold in Australia and other nations, is viewed as providing Ladbrokes with the ability to expand its global reach beyond the United Kingdom.

"It would instantaneously establish a market-leading position in more than 10 global territories, including the key Australian, Spanish and Greek markets," Evolution Securities analyst James Hollins said. "Ladbrokes is highly UK-centric and does not have the brands to penetrate internationally."

- Aaron Goldstein, Gambling911.com

Blackjack dollar 300x250

Gambling News

Can I Bet on the FanDuel Sportsbook App From Michigan?

Can I Bet on the FanDuel Sportsbook App From Michigan?

FanDuel is not available for betting from Michigan at this time and will not be until at least 2021. 

Gambling and Sports Betting News January 22, 2020: Redskins Owner Explores Sports Betting Option for New Stadium

Here are today's headlines in the world of gambling and sports betting as they happen - Wednesday January 22, 2020.

Mobile Sports Betting Left Out of Cuomo Budget

Mobile Sports Betting Left Out of Cuomo Budget

Attempts to get mobile sports betting legalized in New York State may already be dead on arrival.

Problem Gamblers, Cuomo Stand in Way of NY Mobile Sports Betting Legalization

Problem Gamblers, Cuomo Stand in Way of NY Mobile Sports Betting Legalization

Problem gamblers have stepped forward to discuss their own private Hell brought on by gambling addiction as fears mount that legalization of mobile sports betting in New York could lead to a surge in problem gamblers.

Coach Rats Himself Out for Violating Gambling Policy

Coach Rats Himself Out for Violating Gambling Policy

A manager in Scotland’s top division reported himself to the country’s soccer federation for breaching gambling rules.

Syndicate