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Ladbrokes heads west

Ladbrokes edges into America in anticipation of liberalised gaming laws
January 20, 2012

The scrutiny of gambling legislation by several US states has given UK operators an incentive to gain a foothold in vast potential market. Ladbrokes is the latest UK company to acquire a US presence with its purchase of a 65 per cent stake in Stadium Technology Group, a Las Vegas-based supplier of betting software, for $3m (£1.9m), with an option to acquire the rest over five years.

IC TIP: Buy at 138p