Ladbrokes has announced the completion of its proposed merger with rival operator Gala Coral, in a deal that will lead to the creation of a business worth approximately £2.3 billion (€3.2 billion/$3.6 billion). Both businesses expect the newly branded ‘Ladbrokes Coral’ operation to boast net revenue of £2.1 billion as well as earnings before interest, tax, depreciation and amortisation of £392 million, excluding cost synergies of at lest £65 million. Under the merger agreement, Ladbrokes will issue new ordinary shares to the existing shareholders of Gala Coral representing 48.25% of the new combined entity, while existing Ladbrokes shareholders will own…

The National Football League (NFL) has long opposed allowing sports betting to gain more of a foothold in the United States than it already has. But surprisingly, the NFL has made arguments over the last 12 years that any sports bettor would find encouraging: namely, that betting on sports is an enterprise that takes skill. According to a report from ESPN, both the Department of Justice (DOJ) and the NFL have made statements during legal proceedings that say that sports betting is a skill-based activity. NFL outside counsel made that argument in 2003, while in 2013, then US Attorney Loretta…

Sunderland AFC has announced a new partnership agreement with Betfair who become the club’s betting partner in the UK. A deal with the Premier League outfit was secured at the back end of last week that will see the online betting company effectively use the club’s platforms to engage with supporters. Sunderland AFC’s commercial director Gary Hutchinson said of the deal: “I am absolutely delighted to welcome Betfair to the Sunderland family. It is the fourth addition to the club’s partnership portfolio ahead of the 2015-16 season and we look forward to building a successful relationship with them.” The European and US iGaming…

Each week there are exciting things that happen in Las Vegas, Nevada. This week we have proof of famous sports handicapper and legendary NFL Bettor from Sports Information Traders Jon Price who has showcased another big winning week of $200,000 in earnings paid out by the Las Vegas, Nevada Sportsbooks. The earnings were so large that instead of taking it in bags of cash (which he has done before) he has decided to take his earnings via a check. It’s summertime and Jon Price usually places the majority of his wagers on College Football and NFL but he has taken the…

Betting on sports of course is a lot of fun and is tremendously popular among sports bettors .The enthusiasm and thrill of the sport games drive bettors crazy and obviously the main goal or motive of bettors is basically to make money or profit from betting. To win over the long run in the betting, bettors will always want to give themselves the best probabilities. To watch the big excitement of the game large number of people doesn’t mind to spend few bucks on their much wanted team and game. Sports betting actually gives you a possibility to have the…

Yahoo has unveiled a retooled version of its fantasy sports mobile app that lets users wager real money daily and weekly against their friends and in bigger online tournaments. It seems that the company is looking to supplement its stagnant advertising business with a new foray into legal online gambling. To generate income from the venture, Yahoo will keep about 10% of the entry fees paid by the players, this according to Ken Fuchs, Vice President of publisher products at Yahoo. The company said that said playing its Daily Fantasy Sports game is legal in 45 states, with just Iowa,…

Ladbrokes has announced that it has halted operations in Denmark as of July 7 and will leave the Danish gambling market. The bookmaker confirmed the news in a statement on the Danish version of its website, informing Danish players that they have until July 31 to withdraw any remaining funds from their accounts. The website has already stopped accepting new customers and will no longer process any new bets. Although Ladbrokes did not confirm in the statement the reasons behind its exit from Denmark, various reports have suggested that the bookmaker had not been reaching its profit targets in the…

Canada’s single-game sports betting bill is as dead as a doornail. Canada’s Senate adjourned for the summer on Tuesday without holding a third reading or a vote on C-290, the bill that would have allowed Canadians to make single-game sports wagers with their provincial lottery corporations. With a federal election scheduled for this fall, all legislation not yet approved officially dies on the order paper. Under Canada’s Criminal Code, the lottery monopolies are limited to offering parlay sports wagers. NDP Member of Parliament Joe Comartin, whose Windsor constituency includes a Caesars casino that would love to add a proper sportsbook,…