Tag: Ladbrokes stake
New bid speculation emerges as Ladbrokes stake is acquired
October 11, 2013
iGaming Business – A mystery investor has acquired a near 3% stake in Ladbrokes for £37.1 million (€44.2 million/$59 million), sparking fresh speculation of a possible takeover bid for the UK bookmaker. The UK’s Daily Telegraph newspaper said that the investor is Playtech founder Teddy Sagi, who made the deal either through his own account or that of Playtech, in which he holds a 49% stake. Playtech already has a relationship with Ladbrokes, having been hired by the bookmaker to overhaul its poor performing digital business – something that has been highlighted as the main cause of four profits warnings…