26-11-2007 Unibet to raise EUR 100 million to fund acquisitions

The online bookmaker named today investment bank Öhman Fondkommission to explore the possibilities of raising capital in the bond market. Unibet also said to be in discussions with a number of parties regarding strategic acquisitions.

In other news, German betting operator Fluxx offered EUR 1.09 per share to acquire the full capital of Malta-based Sportwetten.de, which recently suspended its activities for lack of clarity in legal systems of many European countries.

The Telegraph reported that Blue Square parent company Rank rejected an approach from Las Vegas gaming giant Harrah's Entertainment, which already owns British casino operator London Clubs International.