News in this morning that Ladbrokes have bought Betdaq - not a big surprise really. What it means for liquidity remains to be seen but we'll watch with interest.
One bet today on the favourites strategy but once again, it's a short one.
1.15 Lingfield - Dark Lane
In good heart of late, gamely making it 2 wins from last 3 starts in a
6f Kempton claimer earlier in the month. No reason to think he won't
make presence felt again.
From the Racing Post:
LADBROKES has acquired betting exchange Betdaq in a deal worth €30 million (£25m) it was announced on Thursday morning.
The deal between Ladbrokes and Betdaq's billionaire owner Dermot Desmond was close to completion on Wednesday night,
in addition, Ladbrokes has agreed to acquire a ten per cent stake in
TBH Guernsey Ltd, the technology provider to Betdaq, for €4m.
For Ladbrokes chief executive Richard Glynn, the acquisition is the first of his tenure, which began nearly three years ago.
high street bookmaker has been previously involved in acquisition talks
with 888 Holdings and Sportingbet but discussions were unsuccessful,
with Sportingbet acquired by rival William Hill and GVC Holdings last
The acquisition is expected to be completed late next
month, and Glynn said: "The Betdaq exchange is a well-regarded and well
invested business and a close strategic fit for Ladbrokes.
the main focus of our digital growth strategy continues to progress
well, this bolt on acquisition provides us with an exciting opportunity
to grow our share of wallet through the creation of a differentiated and
comprehensive sports betting proposition for customers and also
supports our drive for improved liability management."
Little and often soon adds up
12 hours ago