Ladbrokes To Purchase Betdaq

This story was published more than 11 years ago.

UK internet betting giant Ladbrokes has announced that it has come to an agreement to purchase betting exchange Betdaq for €30 million.

Negotiations between Ladbrokes and Betdaq's owner Dermot Desmond began more than a year ago and will see the deal completed on a cash free basis. The two betting firms have an exisiting commercial relationship, as Ladbrokes uses Betdaq's exchange in order to use bets.

The deal is set to be completed by the end of February.

In other Ladbrokes news, the firm announced that they have come to an agreement to purchase a 10% share of TBH Guernsey Limited for €4 million. TBH currently provides technology services to Global Betting Exchange Alderney, which is the operating arm of Betdaq.

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Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.