Online gaming company GVC Holdings has announced that it is in exclusive discussions with Sportingbet.
According to a statement released by GVC this morning, the discussions are regarding the possible purchase of Sportingbet’s Turkish language website business and, if completed, would constitute a reverse takeover under the AIM rules. Trading in the company’s ordinary shares have been suspended from 7.45 this morning pending publication of a re-admission document.
It was reported last month that Sportingbet was considering closing its Turkish launguage website, which has been seen as a source of contention with the Turkish authorities.
GVC stated that the discussions are at a preliminary stage and there is no certainty that they will be concluded successfully. A further announcement is to be made in due course.
