Entain sells Betdaq back to billionaire businessman Dermot Desmond

Irish investor and financier reacquires betting exchange for undisclosed fee eight years after Ladbrokes bought it for €30m

Entain has agreed to offload its Betdaq betting exchange business back to former owner Dermot Desmond for an undisclosed fee, EGR has learned. In an email to customers, Betdaq advised of changes to the ownership of the business with effect from 1 December. From this date, the Betdaq licence will be transferred from parent company…

Betdaq | Betting exchange | Dermot Desmond | Entain | M&A | Sports betting