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2nd Jan 2011, 06:09 PM
Irish bookmaker and gambling company, Paddy Power, has bought up all the remaining shares in Australian online betting firm Sportsbet, giving it full ownership of the business.Paddy Power, scooped up the remaining 39% shareholding for AU$130.6m (GBP85.7m) and will pay an additional AU$24m if the business exceeds profit targets set for 2013. The Dublin-based firm said the investment allowed them to enter a ?growing market? in a business with ?strong potential?.
More... (http://www.azonlinecasinos.com/news/20110101/paddy-power-acquires-all-remaining-shares-in-sportsbet/)
More... (http://www.azonlinecasinos.com/news/20110101/paddy-power-acquires-all-remaining-shares-in-sportsbet/)