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Irish Takeover

The Irish online casino sports betting market is changing rapidly these days between new regulation threats out of Ireland and the new wave of consolidation that is infecting the industry like a flu epidemic. The industry news is filled with stories about possible acquisitions and mergers and some have even been confirmed. A subsidiary of International All Sports Limited, the IAS Group confirmed that the company accepted a takeover bid from Paddy Power just recently. The takeover bid was very generous and valued the online casino sports betting gambling group at having as much as $1.2 billion in annual turnover. IAS Group has been talking about the possibility of a takeover for many months now and it seems as though Paddy Power was the online gambling group willing to pay the right price for the IAS Group and its holdings.

IAS is a major name brand in the international online casino betting and gambling market – the company’s brand is very strong and holds a positive reputation across all of its gaming sites and product offerings. Paddy Power is a online betting company based out of Ireland and operating primarily in the UK market but with interests throughout Europe as well. The take over of the IAS brand will significantly enhance Paddy Power’s position in the global market.

Both companies are very pleased with the terms of the deal –and there is every likelihood that the IAS Group’s shareholders will approve the takeover bid at the next shareholders meeting. If all goes according to plan the online casino betting group will finalize the transaction with Paddy Power as soon as early October.