My Sports Bet
April 7th General news ... My Sports Bet at my-sports-bet.com
AMAYA - RATIONAL GROUP DEAL MAKES PROGHRESS (Update)
Amaya Gaming shareholders were asked for - and gave - their approval for the Oldford-Rational Group acquisition deal Wednesday at a special general meeting called by the company.
The acceptance of the deal by shareholders is an important step forward in the acquisition process and follows the regulatory approval obtained earlier this week (see previous InfoPowa reports).
Amaya has now obtained all necessary shareholder and regulatory consents for the transaction and both groups will move towards its completion.
LOTTERIINSPEKTIONEN STRENGHTENS BOARD
The Swedish Gambling Authority Lotteriinspektionen March Madness Challenge has appointed the services of psychologist Hkan Wall to its Board, as deputy chairman Per Blinder steps down.
Wall is a medical professional currently working at the Research Centre for Physiological Health which is affiliated to the Karolinska Institutet, a medical university that treats problem gambling amongst other conditions.
Wall joins Carina Tolke, Karin Starrin, Henrik Berggren and Britta Ahnm Kgerman on the board which is chaired by director general Hkan Hallstedt.
LADBROKES COULD SAVE GBP 40 MILL BY HALTING HIGH STREET EXPANSION
The Telegraph newspaper reports that British gambling group Ladbrokes is expected to announce plans to halt the introduction of new High Street betting shops, currently the subject of political concern.
By doing this, the company could reduce capital expenditure from GBP 100 million to GBP 60 million, freeing up GBP 40 million to accelerate the further development of the company's burgeoning online gambling strategy.
With over 2,300 retail betting shops, many offering the much-maligned Fixed Odds Betting Terminals, Ladbrokes is among the highest of the High Street betting profiles, yet the company has still had to issue profit warnings in recent months as it struggles to make more of a success of its digital operations following a relatively new agreement with Playtech plc.
The Telegraph notes that with increasing political pressure for restrictions on FOBTs, and tighter local council controls over betting shop openings, the Ladbrokes preference for digital is perhaps sensible.
A Ladbrokes spokesman appeared to confirm at least part of the newspaper report, commenting:
This year we are likely to be a net closer of shops as we focus on optimising our investments in the retail estate and look to deal with some of the non-contributing shops.