Ladbrokes has confirmed speculation it is in talks to buy the Irish betting exchange, Betdaq, as the firm continues the race to beef up its internet betting capability.
The firm, which has recently failed to buy internet rivals 888 Holdings and Sportingbet, said it "enjoys a close commercial cooperation with Betdaq and can confirm discussions regarding a potential future acquisition".
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Betdaq, which is owned by billionaire Dermot Desmond, operates as a peer-to-peer betting exchange.
Previously Ladbrokes had said it was only interested in doing a deal with Betdaq to supply its up-to-the-minute pricing technology.
-
The UK cities where it’s cheaper to buy a house than rentFor people in some areas of the country, home ownership is a distant dream. But for others it can be surprisingly affordable.
-
Review: The Grill at the DorchesterThe Grill at the Dorchester has a new, easy-going atmosphere, but the food is serious: from punchy beef wellington to grown-up tarte tatin, says Dan McEvoy
