Three phone calls key to EMI dispute

first_img Three phone calls key to EMI dispute THE legal battle between Guy Hand’s private equity firm Terra Firma and Citigroup looks set to hinge on three phone calls Hands claims he received from David Wormsley, head of Citi’s investment banking division, it emerged yesterday.The case, which begins in New York on 18 October, centres on Hand’s acquisition of music label EMI which he now claims he was duped into paying £4bn for. The record label’s value has halved since the deal in 2007. Hands alleges he was told of a rival bid for EMI of 262p per share from Cerberus by Wormsley in three separate phone calls and was advised by him to bid 265p per share to secure a deal. Terra Firma will also argue Citi had a strong motive to ensure the EMI deal happened, as it earned £6m in fees for advice to the label and £80m for financing the private equity bid.Wormsley is expected to say one of the three calls never happened and the two other calls were about different topics.Citi will cite the flight log for Hands’s private jet and Wormsley’s mobile phone records to say the banker called him twice for about 30 seconds each time – allegedly suggesting he left voicemails – after the plane had taken off. More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org whatsapp Show Comments ▼ Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndo KCS-content center_img Thursday 23 September 2010 8:31 pm Tags: NULL whatsapp Sharelast_img read more

, , , , ,

Bristol City boss raises £58m on Hargreaves Lansdown share sale

first_img Show Comments ▼ STEPHEN Lansdown, co-founder of financial advisory firm Hargreaves Lansdown, raised £58m yesterday by selling a 2.86 per cent stake in the company.Lansdown, who sits on the Hargreaves Lansdown board as a non-executive director and founded the firm almost 30 years ago, sold 13.5m shares at 429p, reducing his personal stake to 20.1 per cent, the company said.Lansdown, who is chairman of Bristol City FC, said the sale was aimed at raising cash for other unspecified investment opportunities.“The recent share strength backed by strong institutional demand presented an opportunity to trim my holding and free up cash for other ventures. The sale reduces my holding to approximately 20 per cent of the company, not an insignificant amount, and I remain a long term investor in Hargreaves Lansdown,” he said. In April last year, Lansdown sold 23m shares for £47m, in part to help finance the building of a new stadium for Bristol City.Hargreaves Lansdown, having initially fallen as much as eight per cent, pared their losses to close four per cent lower at 452p. KCS-content whatsapp Bristol City boss raises £58m on Hargreaves Lansdown share sale Sharecenter_img whatsapp Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Thursday 7 October 2010 9:43 pm Read This Next’Kevin Can F**k Himself’: Here’s Why Only Allison and Patty Are SeenThe Wrap20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Batwoman’: Wallis Day on Circe’s ‘Deranged’ Warpath and the Key to SavingThe Wrap’Godzilla vs Kong’ Reaches $100 Million in US After Grossing $250,000 inThe WrapJoin a Conversation on ‘Cancel Culture in Comedy’ with Maz Jobrani, SkyeThe WrapAnya Taylor-Joy, Ralph Fiennes Join Searchlight’s Dark Comedy ‘The Menu’The WrapAfter ‘Black Widow,’ Kevin Feige Leaves Open the Possibility of OtherThe Wrap’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe Wraplast_img read more

, , , , ,
[Top]

Boots in festive sales lift

first_imgMonday 17 January 2011 8:30 pm Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndo Boots in festive sales lift More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org whatsappcenter_img Tags: NULL Show Comments ▼ KCS-content Sales at Boots rose by 3.8 per cent in December on a like-for-like basis, with strong performances in healthcare, fragrances and electrical beauty products. The group said it had made market share gains in its core categories of health and beauty. Total revenue rose by 14.3 per cent in the quarter to 31 December, including a 2.8 per cent increase in underlying sales on the retail side, and the group said it envisaged “strong profit growth” this year. Boots was taken private in 2007, becoming Alliance Boots, and disclosed the sales numbers to staff in an email yesterday from chief executive Andy Hornby. “This represents an extremely robust performance and demonstrates the ability of our group to deliver growth even in tough economic conditions,” Hornby told staff in the update. whatsapplast_img read more

, , , , ,
[Top]

Cyber security global threat

first_img Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof KCS-content whatsapp Cyber security global threat Share Show Comments ▼ Tuesday 25 January 2011 8:56 pm whatsapp A BREAKDOWN in cyber security is now one of the five major risks facing the global economy, according to World Econmic Forum founder Klaus Schwab.A WEF report released as a preview to discussions planned at the conference this week highlighted cyber attacks and the possibility of “all-out cyber warfare” as a major threat. “We are now living in a completely digitalised world and a completely globalised world,” said Schwab, pointing to the impact of Wikileaks revelations as an example of the potential disruption.In line with the focus on the world economy’s vulnerability to technology breakdowns, this year’s conference features a tech-heavy agenda. Senior figures from Google, Infosys Technologies, Cisco Systems, Microsoft and Spotify are among the many guests and Google’s invite-only “nightcap” or drinks party on Friday is being touted as this year’s hottest ticket.In an attempt to provide a counterpart to the many doom and gloom forecasts this year, the conference is also hosting a “tech pioneers” programme that aims to bring together technology entrepreneurs from around the globe. The programme gives awards to 31 technology start-ups and invites them to the forum to give their leaders a chance to network and exchange ideas. William Brindley, chief executive of tech social enterprise NetHope, will also tell Davos delegates that tech is key to the aspiration of “shared norms” at the heart of the forum’s agenda. “The pace of change and technological innovation is great, but it should be thought of as part of the solution, not just a problem,” he says. last_img read more

, , , , ,
[Top]

Chrysler on the road to profit

first_imgMonday 31 January 2011 9:09 pm whatsapp whatsapp Share More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Chrysler on the road to profit US CARMAKER Chrysler took a step closer to profit in its fourth quarter results, despite losses of $199m (£125m).The firm narrowed its losses from October through December last year from the $2.7bn deficit it recorded for the same period of 2009.Chrysler, which is controlled by Italian carmaker Fiat, also predicted it would return to profits of between $200m and $500m this year.The US and Canadian governments propped up the firm during the financial crisis and could sell a 10 per cent stake in the company this year in an initial public offering. KCS-content Show Comments ▼ Tags: NULLlast_img read more

, , , , ,
[Top]

Arianna Huffington set for huge windfall

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamBetterBe20 Stunning Female AthletesBetterBe whatsapp Arianna Huffington set for huge windfall THE Greek-born co-founder and editor in chief of the HuffPo – as it is affectionately known – is in line for a huge paper windfall after AOL announced it will buy the firm.While it is unclear exactly how much Arianna Huffington will receive – at least three venture capital firms have interests in the HuffPo, with Oak Investment Partners thought to own around a quarter of the business – it is certain to considerably add to her existing $115m fortune.She vowed to remain with the organisation yesterday, saying “I want to stay forever. I want this to be my last act.”The self-styled media maverick has built the organisation from a niche content provider to one of the most heavily visited news sites in the US.However, the AOL deal, which will see her take control of all of the firm’s editorial content, will transform her from a respected commentator reaching 25m users a month, to the Svengali behind a sprawling network of news sources with an audience of around 270m.The 60-year-old moved to the UK when she was 16 and was educated at Cambridge. She was involved in a 10-year relationship with the late Times columnist Bernard Levin before moving to the US.She was married to oil billionaire Michael Huffington, who ran for the senate for the Republicans, and she later ran as an independent candidate for governor of California.She was seen as a conservative commentator until switching to a more liberal outlook in the late 1990s. She founded the HuffPo in 2005, along with Kenneth Lerer, and Jonah Peretti. Show Comments ▼ Sharecenter_img KCS-content Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof whatsapp Monday 7 February 2011 8:01 pmlast_img read more

, , , , ,
[Top]

Warren Buffett: Buy Japanese bargains

first_img Billionaire investor Warren Buffett believes Japan’s devastating earthquake is the kind of extraordinary event that creates a buying opportunity for shares in Japanese companies.Japan, the world’s third-largest economy, has been battling to bring an overheating nuclear plant under control after it was battered by the 11 March earthquake and tsunami that rattled global markets and prompted massive intervention in currency markets by the Group of Seven industrial nations.“It will take some time to rebuild, but it will not change the economic future of Japan,” Buffett said on Monday on a visit to a South Korean factory run by a company owned by one of his funds. “If I owned Japanese stocks, I would certainly not be selling them.“Frequently, something out of the blue like this, an extraordinary event, really creates a buying opportunity. I have seen that happen in the United States, I have seen that happen around the world. I don’t think Japan will be an exception,” said the 80-year-old investor, dubbed the “Sage of Omaha” for his successful long-term investment strategy.Buffett heads Berkshire Hathaway Inc, which has substantial insurance and utility investments globally. Warren Buffett: Buy Japanese bargains Share whatsapp More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Show Comments ▼ Tags: NULL John Dunne Monday 21 March 2011 4:42 am whatsapplast_img read more

, , , , ,
[Top]

Lloyds lures Horta-Osorio with £13.5m pay package

first_img THE cost of wooing new chief executive António Horta-Osório to Lloyds Banking Group was unveiled yesterday as its annual report revealed his total package was worth up to £13.5m.His annual salary is £1.06m, increased from predecessor Eric Daniel’s £1.03m outgoing salary to reflect market rates. An additional sum worth up to three quarters of his salary will be pumped into his pension each year – adding up to £880,000 annually. His maximum bonus for the year would be 225 per cent of basic salary – around £2.4m. And he has been awarded shares worth 420 per cent of his base salary (£4.6m) for the first year of his long term incentive plan – more than a quarter higher than the 300 per cent limit imposed on other board executives – but a sum Lloyds said was “essential to the success of the recruitment process.” Lloyds added that Horta-Osório would also be compensated for various share and cash awards which he had forfeited upon leaving his previous job as the head of Santander UK with shares worth around £4.1m – none of which vest immediately – and a cash payment of £516,000.In addition, under the terms of the Project Merlin agreement between the banks and the government, the report also lifted the lid on the scale of rewards outside the boardroom of the bank. Five senior executives, likely to be dealmakers or traders, received between £1.4m and £4.8m. whatsapp whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoNight DailyHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeNight DailyUndoMoneyPailShe Was Famous, Now She Works In {State}MoneyPailUndoBetterBe20 Stunning Female AthletesBetterBeUndoNews SharperGrab A Tissue Before You See Richard Simmons At 72News SharperUndoThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports DropUndoUpbeat NewsThese 25 Celebrities Ruined Their Career in a Matter of MinutesUpbeat NewsUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoTaco RelishOnly People With An IQ Of 130 Can Name These ItemsTaco RelishUndo Read This NextWATCH: Shohei Ohtani continues home run tear, Los Angeles Angels winSportsnautYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof KCS-content center_img Show Comments ▼ Lloyds lures Horta-Osorio with £13.5m pay package Wednesday 30 March 2011 8:08 pm Share Tags: NULLlast_img read more

, , , , ,
[Top]

Equinox delays Lundin decision to consider deal

first_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute whatsapp KCS-content EQUINOX extended its $4.8bn (£2.9bn) bid for Lundin Mining, and postponed a vote on the deal by two weeks yesterday, as it awaited a formal $6.5bn takeover offer from China’s Minmetals Resources.Minmetals, China’s biggest metals trading firm, unveiled plans to launch a C$7 a share bid for Canadian firm Equinox on Monday, chasing its copper assets in Zambia and Saudi Arabia.Equinox said it was considering the proposal and would update investors on it “in the coming days”.Equinox postponed a shareholder vote on the Lundin deal to 26 April to give investors time to consider the board’s and any other recommendations on Minmetals’ share offer and the Lundin deal before they have to vote. Minmetals, which already has a 4.2 per cent stake in Equinox, said it would only go ahead with the offer if Equinox dropped its bid for Lundin. Share center_img Tuesday 5 April 2011 7:43 pm More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comConnecticut man dies after crashing Harley into live bearnypost.comPuffer fish snaps a selfie with lucky divernypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com Equinox delays Lundin decision to consider deal Show Comments ▼ Tags: NULLlast_img read more

, , , , ,
[Top]

SBTech takes off with Rocket X deal

first_img25th July 2018 | By contenteditor SBTech takes off with Rocket X deal SBTech has struck a partnership with LeoVegas-owned multi-brand online gaming company Rocket X to supply its sportsbook to several UK-facing websites.LeoVegas established the Rocket X brand in March to consolidate its UK assets.The firm’s flagship brand, BetUK.com, will be one of the platforms supported with features such as YourBet, which enables automated same-game accumulators with instant pricing. YourBet is already live in the UK via other SBTech operators.SBTech said that its track record of speedy implementation, the depth of its UK-focused sportsbook and experience in the UK market were all key reasons for securing the deal with Rocket X.“The strength of SBTech’s in-play coverage, its technological and regulatory expertise, proven track record of powering high-growth operators in the UK and wide range of responsible gambling controls were at the heart of our decision to sign this agreement,” Rocket X chief executive Mark Good said.“With the power of one of the industry’s top sportsbooks behind us, I’m confident of achieving significant share in the uniquely competitive UK market.”SBTech chief commercial officer Andrew Cochrane (pictured) added: “LeoVegas and the Rocket X team both share our vision of delivering a differentiated and compelling value proposition to players through product innovation, scalable technology and a fully bespoke trading and risk management approach.”Last month, SBTech announced the soft launch of its new mobile-first sportsbook, MoPlay.co.uk.Operating on the SBTech Chameleon360 iGaming platform, MoPlay.co.uk will enable users to wager on a range of sports.Aside from its UK-facing business, SBTech has also been active in the burgeoning US sports betting market this month by signing new deals with Golden Nugget Casinos and Resorts Casino Hotel.Cochrane told iGamingBusiness.com earlier this month that the company was in advanced talks with “numerous” US land-based operators. Subscribe to the iGaming newsletter Marketing & affiliates AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img Email Address Regions: UK & Ireland LeoVegas-owned multi-brand company will be supplied with sportsbook in UK Topics: Marketing & affiliates Sports bettinglast_img read more

, , , ,
[Top]