IS LADBROKES AFTER ONLINE BINGO PROVIDER PARLAY?

29 February 2008

Persistent speculation that UK gambling giant is one of the two remaining bids


Speculation on the fate of Canadian bingo software developer Parlay Entertainment continued unabated in the business press over the weekend following the withdrawal of the Cdn$12.3 million offer by PEIC Acquisitions last week (see previous InfoPowa report)

Parlay had earlier indicated that it was considering two other offers, but declined to reveal the identities of either. Current speculation is that one of the companies involved in the UK gambling group Ladbrokes, which has apparently been in talks with the Canadians according to newspaper reports.

Ladbrokes has been linked to other deals that did not materialise, the latest with 888.com. One reservation that has been expressed is that Ladbrokes may shy away from Parlay's US business activities.

Update: Later in the week whilst presenting the 2007 Ladbrokes numbers, new CEO Ralph Topping discounted speculation that Ladbrokes was going after Parlay.

Online Casino News courtesy of InfoPowa