Endorsed by Gambling911

Leisure & Gaming Only Trying to Sell Betshop

Written by:

Guest

Published on:

Oct/12/2010

(SHARECAST) - Hard-up online betting group Leisure & Gaming has confirmed it’s in talks to sell trading subsidiary Betshop Group (Europe) Limited, not the whole company.

"Further to the announcement of yesterday, the company confirms that it is in discussions re the sale of its trading subsidiary, Betshop Group (Europe) Limited, only and is not seeking or expecting any offers for Leisure and Gaming plc," it said in a statement Tuesday.

On Monday, the firm said a possible share purchase agreement with Grupo Pefaco was unlikely and terms of exclusivity with Pefaco have expired without renewal.

Although it’s still talking with Pefaco, the group has received expressions of interest in the Betshop business since the expiry of the exclusivity period.

“While that remains a real possibility, following demand for repayment by the company's bankers on 6 October 2010, the company is working to see if a solvent solution can be achieved avoiding administration,” the group said yesterday.

Trading in L&G shares as been suspended since May while the company seeks to resolve cash flow difficulties.

Business/Financial News

Bitcoin Surges Above $106,000 on Strategic Reserve Hopes

Bitcoin surged to a record high above $106,000 in early Asian trade on Monday, boosted by comments from President-elect Donald Trump that suggested he plans to create a U.S. bitcoin strategic reserve similar to its strategic oil reserve.

Bookie Pay Per Head Demo

Price per head companies offer prospective clients a chance to try their Pay Per Head software through a free two week demo but AcePerHead.com takes things one step further. How about a FREE week per month FOR LIFE?

Bet on Will Ethereum hit $3,800 by Friday December 6

Some $8,000 had been bet so far at Polymarket with 44% of those backing Etherum's price shooting above the $3800 mark by Friday.

PricePerPlayer Puts More Dollars in Your Pocket as a Bookie

The primary reason that someone goes into business is to make a profit selling a product or service. The main reason why so many people fail at accomplishing this goal is the lack of having the proper business tools to turn their dream into a reality.

Odds of Bitcoin Reaching Over $100K Before End of November Quite Good

73% of those betting on the price of Bitcoin at Polymarket believe it could touch $95,000 before the month ends though only a small number believe it will surpass $100K.