There's an article in the Fairfax Press stating that Ladbrokes have acquired Neds. Neds have regulatory approval for the Global Tote while it seems to be still pending for Ladbrokes. It's a strange situation. About a decade ago Dean Shannon set up Bookmaker.com. Ladbrokes bought them. Shannon then worked within Ladbrokes and became CEO. He then set up Neds, only to have Ladbrokes buy them out in what looks a very friendly piece of corporate action. Must be nice to have two businesses bought by the same company, and work as the CEO of that company in the interim.
Anyway, anyone got a view on whether this has any implications for TBH? It's interesting Ladbrokes and Neds were the two companies to sign up. Almost as though they were never completely separate in the way they operated.
Reaper
