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There must have been a business reason behind it but nothing really has changed there. I think some of us were expecting it to provide some competition for BF but it hasn't happened.
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Probably at least partially in the hope that they could put a dent in exchange betting.
To get a leg in whilst betfair send a slow stream their way
Maybe so Eeternaloptimist and G1 but I can see where bix is coming from. It's as if they shouldn't have bothered really as they've made no attempt to advertise it from where I'm sitting.
Exactly. They probably thought, rightly, that there was undeveloped potential there but have done precisely nothing to make it more attractive to users.
They don't want to promote an exchange even one that they own as they are afraid of taking trade away from their core business of taking money off gamblers.
Ladbrokes revealed in its interim results that it has bought Chronicle, a leading on-course book maker.
The deal comes just months after Ladbrokes agreed to pay up to €43m to buy Mr Desmond's **** betting exchange.
Chronicle is owned by Justin Carthy and Mr Desmond. The company and Mr Desmond also teamed up in 2005 to launch the Sporting Emporium casino in Dublin.
Apart from its on-course betting presence, Chronicle operated a website, BetChronicle, which was closed last October.
Mr Desmond was already a sizeable shareholder in Ladbrokes prior to the sale of ****, with a 2pc stake.
- See more at: http://www.independent.ie/business/irish/desmond-cashes-in-as-ladbrokes-buys...
The deal comes just months after Ladbrokes agreed to pay up to €43m to buy Mr Desmond's **** betting exchange.
Chronicle is owned by Justin Carthy and Mr Desmond. The company and Mr Desmond also teamed up in 2005 to launch the Sporting Emporium casino in Dublin.
Apart from its on-course betting presence, Chronicle operated a website, BetChronicle, which was closed last October.
Mr Desmond was already a sizeable shareholder in Ladbrokes prior to the sale of ****, with a 2pc stake.
- See more at: http://www.independent.ie/business/irish/desmond-cashes-in-as-ladbrokes-buys...
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