7th of August 2011 Author: Johnny Karp
â€¦as a result of a strategic review
The latest info arriving from online gambling operator Sportingbet involves consideration of abandonment of its Turkish operation following a strategic review.
The company issued a statement on this occasion, stressing:
"The company confirms that, as part of its long term strategy of increasing the proportion of its business mix derived from regulated markets, it is currently undertaking a review to evaluate its strategic options in relation to its Turkish language website business."
The review is probably partly due to the arrests of two London-based junior Sportingbet employees in Turkey. They were put in prison together with thirty individuals associated with its former marketing partner Maslin Properties. Despite of these events, at that time Sportingbet announced that it plans to keep its Turkish operations. However, industry analysts claim that the review may have more to do with paving the way for a takeover by bookmaker Ladbrokes, who is in acquisition talks with the company.
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