Posts made in June, 2016

Charlton hoping Close can hunt down Cup

Charlton hoping Close can hunt down Cup

The upcoming Qatar Stewards’ Cup provides an opportunity for Huntsmans Close to prove himself again and clinch the race. This is according to his trainer Roger Charlton who hopes that the five year old will be at his best this Saturday.

In his last race at Glorious Goodwood, he was ranked second favorite with total odd of 10/1 for bookies. Huntsmans Close who won the Windsor race the previous month where he moved up the ranking and for the very first time he ranked a century points. He will use this as a motivation to win the upcoming event.

Charlton claimed that Huntsmans Close comes on a brick of clinching the Silver Cup at Ayr last season before he clinched the Windsor title at the same time acquiring a big handicap at Newmarket. This comes despite him having on the losing end with Wokingham at Ascot but will get back to their best this time round and avoid any recurrence of the previous happenings. He is deemed to improve on his sixth position he achieved in the last year’s edition and would be favorite to win it.

Charlton also takes training responsibility for Quest For More who will be on the tracks this Thursday in the Qatar Goodwood Cup. Quest For Me is on the brick of clinching the third title this year despite him being 109lb.

Nassau entries

Star of Seville, the French Oaks champion will be on the front line as he represents probable three runners trained by John Gosden this Saturday at Qatar Nassau. John will be determined to clinch his fourth consecutive title in group 1 after he had clinched three titles in three years with Sultanina, Winsili and The Fugue respectively.

The other two trained by John are Jazzi who was ranked 5th in the French Oaks as well as a four year old Bright Approach. The later has not been involved in any race following his disappointing actions during the last year’s edition of Ribblesdale Stakes at Royal Ascot.

Legatissimo who came second in Oaks and winner of 1000 Guineas will also be present. Others includes Lady Of Dubai who came in third in French Oaks. Subsequently, Aidan O’Brien will have three options to field in the course as Diamondandrubies the Pretty Polly champion, Wedding Vow as well as Outstanding who came in third during the Belmont Oaks.

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Online gambling firm GVC sweetens bid for rival Bwin.party

Online gambling firm GVC sweetens bid for rival Bwin.party

It was reported that 888 an online casino and a poker company that operates under the management of two Israel brothers Aaron and Avi Shaked gave out a total believed to be nearly $1.4 billion to Bwin. However, 888 has recently faced a stiff competition from GVC Holdings Plc. an online betting company that has risen the bid of acquiring the Bwin.party Digital entertainment to $1.55 billion.

Bwin who allegedly puts itself on sale last year was first involved in a deal with 888 online casino and betting firm who gave out 900 million pounds to acquire Bwin’s stock at the beginning of the month.

This deal was placed in the M&A activity in the market and this is expected to be a routine as various companies tend to expand themselves as a way to increase their chances of funding their technology and markets.

GVC has overdone 88 as the firm offers 122.5 pence each share from which 25p would be in cash form while the rest would be in GVC shares. This surpasses 888”s offer of 104.09 pence by a stunning 18%.

Reports from Bwin claimed that they were putting into consideration the new offer that was tabled by GVC and would make an official statement soon. Its selling comes after it was evident that there was a great decline in the regulated poker markets based in Europe. The company was initiated when online poker group PartyGaming and sports betting group Bwin merged in 2011.

Analysts at Panmure Gordon claimed that it would preferably for GVC to acquire the firm as stakeholders of GVC will have a 10% premium and this would be more than that offered by 888. GVC on the other hand claimed that it would push for the deal following its loan acquisition of 400-million-euro ($440 million) from Cerberus Capital together with its fresh incorporated shares. It also has a backing of Amaya Inc. its partner based in Canada which would give in 908 million pounds towards the deal.

Moreover, an additional 150 million pounds would be raised via its equity placing to an endowment reformation costs and refund the existing debt of Bwin.party. Despite it being a third of market value in comparison to Bwin, GVC believes that its cost benefits would raise up to 135 million every year come 2017. During the London Stock Exchange markets, Bwin’s share rose up by 2.3% to record at 111.1 pence while that of GVC decreased by 0.5%.

 

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