Dermot Desmond’s reacquisition of Betdaq, a deal first reported in The Currency last month, has been confirmed in a statement issued today by the Entain Group. The return of the company to Desmond comes eight years after the billionaire sold it to Ladbrokes for €30 million and it is likely that Desmond is taking the betting exchange back for a fraction of that cost. Betdaq is a profitable business, but it is considered non-core to Ladbrokes which is part of London listed gambling group Entain. A statement issued to Betdaq customers on Wednesday read: “We are writing to let you…

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