Irish independent bookmaker Boylesports has been granted permission to launch a challenge over Ladbrokes’ plans to restructure its business in Ireland, amidst talk of a possible takeover bid for the operation.
As reported by iGaming Business, Boylesports last month was linked with a bid for Ladbrokes Ireland after the latter announced it was to undertake a review of its operations in the country following heavy losses in 2014.
Ladbrokes has been working with High Court-appointed examiner Ken Fennel on a rescue plan that could lead to the closure of up to 60 of its betting shops in the country, which would result in the loss of as many as 250 jobs.
Despite being under court protection in order to allow for restructuring, recent media reports suggest that Ladbrokes Ireland could soon become the subject of a takeover bid by Boylesports, which has a heavy presence in the country.
So far, Boylesports has not been granted sufficient access to the information it requires from Ladbrokes Ireland to come up with an offer for the business.
Irish Athletes Bet on Rio Olympics? Two Irish boxers have been questioned over betting activities at this summer’s Olympic Games in Rio de Janeiro, Brazil.
The Olympic Council of Ireland (OCI) confirmed the news in a statement, saying that the pair were being spoken to about “inappropriate betting activity”, but did not […]
Long Odds for Boylesports buying Ladbrokes Irish Business The odds on betting chain Boylesports successfully buying Ladbrokes' Irish operations from examinership are probably pretty long. Based on the vast majority of examinership processes, the incumbent owners tend to come out the far side still in possession of the business.
This is […]
Ladbrokes completes Chronicle Bookmakers acquisition From iGaming Business - UK gambling firm Ladbrokes has completed a €6 million ($7.8 million) acquisition of Dublin-based on-course betting company Chronicle Bookmakers.
According to the Irish Independent newspaper reports, Chronicle Bookmakers offers a range of on-course betting […]