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Business News

Ladbrokes buys Betdaq for €30m

Ladbrokes has snapped up Irish betting exchange Betdaq for €30m (£25m) to boost its online business.

The deal is chief executive Richard Glynn's first since taking over at the bookmaker three years ago.

He previously pulled out of talks to buy 888 and Sportingbet.

Betdaq is the second-largest betting exchange behind Betfair.