According to the Sydney Morning Herald, Ladbrokes is in the running to acquire Melbourne-based Australian online bookmaker Betstar in a A$20 million to A$25 million acquisition deal.
Undisclosed sources revealed that an announcement of the news is due on Wednesday.
Ladbrokes first appeared in the Aussie market in August 2013 after acquiring Gaming Investments, parent company Bookmaker.com.au, in a A$22.5 million deal.
Ladbrokes has not yet commented on this rumor but we will report as more information becomes available.
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