BoyleSports to buy UK bookmakers in 2019
Local company BoyleSports is close to acquiring an unnamed UK bookmakers chain and is likely to finalise the deal in the first quarter of 2019.
According to a report in The Irish Examiner, the Finnabair Business Park-based betting firm is in talks with a number of independent British bookie chains, and a takeover deal, with at least one is likely in the coming months.
The company is looking to have around 100 shops in the UK, mainly in regional areas with London not a target market.
The early 2019 deal is expected to be the acquisition of a small independent bookmakers’ chain in northern Britain, which will create the basis for future growth.
Boylesports has an online presence in the UK, showing strong revenue growth in recent years, but has been looking to establish an outlet network there for some time.
Earlier this year, the company said it expected to have a significant presence in the UK within the first half of 2019.