Ladbrokes finalises Playtech deal to bolster gaming

The bookmaker Ladbrokes has finalised a deal which sees Playtech agree to advise the firm for five years as it attempts to make progress with its online businesses.

Ladbrokes, a familiar sight on Britain's high streets with 2,200 retail outlets, has struggled to keep up with the online offering of UK market leader William Hill.

Earlier this month, William Hill took full control of the internet venture it previously ran with Playtech, buying out Playtech's stake for 424 million pounds, as it looks to expand online.

The online gambling sector is seeing a wave of consolidation and deals, amid signs that the U.S. is readying to legalise it. Online gambling firm 888 announced two U.S. agreements on Monday.