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…

Want to continue reading?

Introductory offer: Sign up today and pay €200 for an annual membership, a saving of €100.

Subscribe

Cancel anytime.

Are you already a member? .