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Eye On Gambling : Top Offshore Sportsbook Bodog Acquires WWTS Sportsbook for $9 Million

EOG has been informed that BODOG paid 9 million dollars for. As we reported on Wednesday, the deal had already been consummated but not all the paper work had been completed.

Eye On Gambling advertiser BODOG SPORTSBOOK has paid 9 million dollars to acquire WWTS Sportsbook . The deal had already been consummated but not all the paper work had been completed.

The higher up executives from BetWWTS arrived back in Antigua yesterday afternoon with smiles on their faces.

Below is the basic breakdown of the deal:

WWTS had a post up debt of $9 million.

WWTS had a $1 million debt to its software providers.

WWTS had $6 million coming to them within the next 6 months from "receivables" and from "processors."

Therefore, their net liability is/was $4 million.

Bodog paid an additional $3 million to acquire.

WWTS walks away from this deal with $3 million dollars from Bodog, no debt, plus they already had an additional $7 million dollars in the bank.

We suspect this is not only good news for gamblers and punters, but we expect an increase in stock value.

Furthermore, BETWWTS will continue to operate in Antigua and US bettors will be able to gamble on Football or whatever they choose to this weekend.

For further information on gambling industry happenings or any other sports betting or casino opportunities, please visit Eye On Gambling and the EOG Forums .

Eye On Gambling

About Eye On Gambling:

EOG is a gambling information portal providing current news and editorial on a wide range of sports betting and poker topics. Segments include Industry News, Sports News, Poker Insights, quantitative and qualitative sports data, Live Odds, Live Scoring, Free and Paid Picks, online Poker, and a Posting Forum community. EOG.com features distinguished sports gambling writers such as Doyle Brunson, Russ Culver, Dave Cokin, Stephen Nover, Trace Fields, Buzz Daly, Ken Weitzner, Mike Murray, Arne Land and many more.

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