Investment Summary

Ladbrokes Coral Invests In Stadium Technology Group

On January 19, 2012, Ladbrokes Coral invested in software company Stadium Technology Group

Investment Highlights
  • This is Ladbrokes Coral’s 1st transaction in the Software sector.
  • This is Ladbrokes Coral’s 1st transaction in the United States.
  • This is Ladbrokes Coral’s 1st transaction in Nevada.

Investment Summary
Date 2012-01-19
Target Stadium Technology Group
Sector Software
Investor(s) Ladbrokes Coral
Deal Type Stake Purchase

Target

Stadium Technology Group

Las Vegas, Nevada, United States
Stadium Technology Group is a Las Vegas-based supplier of software and in-game betting applications to sportsbook operators. Stadium supplies its innovative, licensed technology to a number of sportsbook and third party suppliers in Nevada and Delaware. The deal sees Ladbrokes enter the US market at a time when a number of states are exploring liberalising gambling.

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Investor(S) 1

Investor

Ladbrokes Coral

London, United Kingdom
Category Company
Founded 1886
Sector Gaming
Employees14,340
Revenue 1.2B GBP (2015)
DESCRIPTION

Ladbrokes Coral plc is a multi-channel bookmaking and gaming company with an international reach, combining 230 years of heritage and looking forward to an exciting future. Ladbrokes Coral was formed in 1886 and is based in London.

DEAL STATS #
Overall 2 of 7
Sector (Software) 1 of 3
Type (Stake Purchase) 1 of 2
State (Nevada) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-12 Ladbrokes - Italian Retail Business

Italy

Ladbrokes - Italian Retail Business comprises retail betting and gambling business. It includes 82 shops and 51 corners and an office location. Italian Retail Business is located in Italy.

Sell €5M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-24 Global Betting Exchange

Dublin, Ireland

Global Betting Exchange Ltd. is a operator of the Betdaq exchange business. The company also provides GBE Kiosk, a sports book software that is installed on various kiosks.

Buy €30M
Mergr

Product

Company

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