By signing a USD 2.1 billion facility, the Ladbrokes Coral merger and liquidity in the first years of the new company was just ensured.

Ladbrokes signed a GBP 1.35/EUR 1.8 billion facility to fund the merger with rival land-based and online betting, bingo and casino operator Gala Coral Group, latest gambling news report. This facility will ensure the liquidity of the future company in its first years. The facility will be provided by the company’s partner banks for the Ladbrokes Coral merger.

Chief financial officer Ian bull said, “I am pleased that our relationship banks have shown strong support in putting in place a significant size facility at similar pricing to our current facilities.” He added, “We believe that this facility will provide sufficient liquidity to an enlarged Ladbrokes Coral group following the merger.”

British-based betting and gaming company Ladbrokes officially announced this summer that merger talks with rival Gala Coral group have started. Online casino news reported in July 2015 that an agreement on the deal was reached.

Reuters: Ladbrokes signs $2.1 billion facility to fund Coral deal

 
The facility has three tranches with the first, a GBP 600 million facility, becoming available in October 2016, after the Ladbrokes Coral merger happened. The transformed company is expected to take shape late 2015 or early 2016.

Smugness justified: Jim Mullen about to become an even bigger CEO (Evening Standard)

The name of the new company will be Ladbrokes Coral. Ladbrokes chief executive Jim Mullen will be the new company’s CEO. Experts of gambling facts might know that Gala Coral group has a considerable debt. However this debt won’t be transferred to the new company after the Ladbrokes Coral merger.

Ladbrokes also ensured another deal recently. The online gambling firm became one of the official partners of the Australian National Basketball League (NBL). In the 2015-16 season, Labdrokes will be the official online sports betting partner of the NBL.

Ladbrokes was founded in 1886 and today is the largest betting company in the UK. It is also considered as the no. 1 retail bookmaker in the world with more than 2,400 retail betting shops only in the UK and Ireland. Ladbrokes operates several online sportsbooks in the UK, as well as online casinos, online poker rooms and online bingo sites.

By signing a USD 2.1 billion facility, the Ladbrokes Coral merger and liquidity in the first years of the new company was just ensured.

Ladbrokes signed a GBP 1.35/EUR 1.8 billion facility to fund the merger with rival land-based and online betting, bingo and casino operator Gala Coral Group, latest gambling news report. This facility will ensure the liquidity of the future company in its first years. The facility will be provided by the company’s partner banks for the Ladbrokes Coral merger.

Chief financial officer Ian bull said, “I am pleased that our relationship banks have shown strong support in putting in place a significant size facility at similar pricing to our current facilities.” He added, “We believe that this facility will provide sufficient liquidity to an enlarged Ladbrokes Coral group following the merger.”

British-based betting and gaming company Ladbrokes officially announced this summer that merger talks with rival Gala Coral group have started. Online casino news reported in July 2015 that an agreement on the deal was reached.

Reuters: Ladbrokes signs $2.1 billion facility to fund Coral deal

 
The facility has three tranches with the first, a GBP 600 million facility, becoming available in October 2016, after the Ladbrokes Coral merger happened. The transformed company is expected to take shape late 2015 or early 2016.

Smugness justified: Jim Mullen about to become an even bigger CEO (Evening Standard)

The name of the new company will be Ladbrokes Coral. Ladbrokes chief executive Jim Mullen will be the new company’s CEO. Experts of gambling facts might know that Gala Coral group has a considerable debt. However this debt won’t be transferred to the new company after the Ladbrokes Coral merger.

Ladbrokes also ensured another deal recently. The online gambling firm became one of the official partners of the Australian National Basketball League (NBL). In the 2015-16 season, Labdrokes will be the official online sports betting partner of the NBL.

Ladbrokes was founded in 1886 and today is the largest betting company in the UK. It is also considered as the no. 1 retail bookmaker in the world with more than 2,400 retail betting shops only in the UK and Ireland. Ladbrokes operates several online sportsbooks in the UK, as well as online casinos, online poker rooms and online bingo sites.

Microgaming bad beat poker jackpot

Microgaming bad beat poker jackpot occurred at Microgaming’s Network of inter-connected poker rooms, where the rare Bad Beat Progressive Jackpot was miraculously won twice within 20 hours. Normally the Jackpot is won once every 4-15 weeks. The Microgaming Network offers specifically created virtual poker tables throughout its network of 36 independent online poker rooms.

Microgaming Network’s Bad Beat Poker Jackpot rooms are available at some of the most popular and well known online poker rooms, including 32Red Poker, Cool Hand Poker and Crazy Poker.

The special poker rooms only operate when at least four people are playing, and offer a progressive Microgaming bad beat poker jackpot when one player is beaten by another in a showdown where the looser has at the minimum quad eights (four cards that are all 8’s) or higher. For the Progressive Jackpot to be awarded, the winner and the looser must use all of their ‘hole cards’ to make their hands.

At 6am UK time, a player on Microgaming network called ‘4447470’ (who had pocket tens) got involved in a hand with ‘epohon’ who held the Queen and King of Hearts. When the smoke cleared, ‘4447470’ held 10-10-10-10-A against ‘epohon’ who held 10-J-Q-K-A, all of hearts and a Royal Flush. It took a moment for player ‘4447470’ to realize he won the Progressive Bad Beat Microgaming Jackpot.

Microgaming bad beat poker jackpot: Twice in Twenty

According to the rules, the $558,296.27 jackpot was divided among all four players with ‘4447470’ winning $195,403.70, ‘epohon’ winning $97,701.85 (along with the $500 that he won in the hand), and the remaining two players, who were not involved in the hand, each received $48,850.92.

The Progressive Jackpot was reseeded and 20 hours later grew to $114,264.23 when it was won by a player called ‘papa45’ who lost with four Jacks to ‘zebro74’ who held a straight flush. ‘Papa45’ won $39,992.48, ‘zebro74’ won $19,996.24 and the four remaining players, not involved in the hand, each won $4,999.06.

The Bad Beat Progressive Jackpot was insantly reseedeed at $22,852 and the action re-started. Make sure you register with all three Microgaming poker rooms listed above, so you too can participate in the heart pounding action of live poker and perhaps you too can walk away with the Microgaming bad beat poker jackpott!

Microgaming bad beat poker jackpot

Microgaming bad beat poker jackpot occurred at Microgaming’s Network of inter-connected poker rooms, where the rare Bad Beat Progressive Jackpot was miraculously won twice within 20 hours. Normally the Jackpot is won once every 4-15 weeks. The Microgaming Network offers specifically created virtual poker tables throughout its network of 36 independent online poker rooms.

Microgaming Network’s Bad Beat Poker Jackpot rooms are available at some of the most popular and well known online poker rooms, including 32Red Poker, Cool Hand Poker and Crazy Poker.

The special poker rooms only operate when at least four people are playing, and offer a progressive Microgaming bad beat poker jackpot when one player is beaten by another in a showdown where the looser has at the minimum quad eights (four cards that are all 8’s) or higher. For the Progressive Jackpot to be awarded, the winner and the looser must use all of their ‘hole cards’ to make their hands.

At 6am UK time, a player on Microgaming network called ‘4447470’ (who had pocket tens) got involved in a hand with ‘epohon’ who held the Queen and King of Hearts. When the smoke cleared, ‘4447470’ held 10-10-10-10-A against ‘epohon’ who held 10-J-Q-K-A, all of hearts and a Royal Flush. It took a moment for player ‘4447470’ to realize he won the Progressive Bad Beat Microgaming Jackpot.

Microgaming bad beat poker jackpot: Twice in Twenty

According to the rules, the $558,296.27 jackpot was divided among all four players with ‘4447470’ winning $195,403.70, ‘epohon’ winning $97,701.85 (along with the $500 that he won in the hand), and the remaining two players, who were not involved in the hand, each received $48,850.92.

The Progressive Jackpot was reseeded and 20 hours later grew to $114,264.23 when it was won by a player called ‘papa45’ who lost with four Jacks to ‘zebro74’ who held a straight flush. ‘Papa45’ won $39,992.48, ‘zebro74’ won $19,996.24 and the four remaining players, not involved in the hand, each won $4,999.06.

The Bad Beat Progressive Jackpot was insantly reseedeed at $22,852 and the action re-started. Make sure you register with all three Microgaming poker rooms listed above, so you too can participate in the heart pounding action of live poker and perhaps you too can walk away with the Microgaming bad beat poker jackpott!