Ladbrokes plc acquires Australian sportsbetting business


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Ladbrokes plc, one of the world’s leading betting and gaming companies, has agreed to acquire Gaming Investments Pty Ltd, a fast growing online sports betting business in Australia. Gaming Investment’s business includes Pty Ltd, operator of the online bookmaker and Panda Gaming Pty Ltd, operator of an extensive racing and sports focused affiliate network in Australia.

The acquisition sees Ladbrokes acquire Gaming Investment under its newly formed Australian arm ‘Ladbrokes Australia’ for an initial consideration of A$22.5 million, plus an earnout payable at the end of 3 years which is based on the EBITDA for Ladbrokes Australia for the year ending 30 June 2016.

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