Long overdue this one, so let's see how much I can come up with.... Sportingbet have rejected the takeover bid from William Hill and GVC, suggesting the bid undervalued the company. Doesn't seem like a big surprise given Sportingbet are currently trading around the offer level of 52.5p, having been as low as 26p back in May. This appears to be an action to encourage them to come back with a better offer rather than flat rejection. Meanwhile, the acquisition target's annual figures reported a net loss based on costs acquiring Centrebet and shedding regions of questionable legality such as Turkey, but once again, Australian results were very strong. The punter who cried wolf when Bet365 Australia wouldn't pay him his 'winnings' of $70k may have bitten off more than he can chew - stewards are now looking into the circumstances of the race where the two dogs who didn't run in the placings for the First 4 bet, including the favourite, had allegedly recently b...
A blog about betting, trading, sport and some of the dodgy elements within them. www.sportismadeforbetting.com.