Posts

Showing posts from October, 2015

How Baba Ijebu Lotto started - Kessington Adebutu As He Clocks 80

Image
Premier Lotto Limited (PLL) also known as Baba Ijebu is a Gaming Company which was incorporated in 2001 and was established to carry out the Lotto business in Nigeria. The founder and current Chief Executing Officer of the company is Chief Kessington Adebukunola Adebutu.



The name Premier Lotto might not immediately ring a bell to the ears of an average Nigerian but the soubriquet 'Baba Ijebu' does. This is the intriguing story of Chief Kessington Adebutu whom many people know simply as Baba Ijebu. He is the Chairman of Premier Lotto Limited. He is also the founder of Kessington Adebukola Adebutu Foundation. A philanthropist to the core who started life as a game man in the early 1960s.
His graceful ageing face appears in virtually every dailies you come across today as colleagues, business partners and friends took out time to celebrate his 78th birthday in the media today.

Adebutu who many believed have been in the gaming business all his life started operating as a pool agent…

Betfair, Paddy Power rounding up on 6 billion pound tie-up

Image
Betfair (BETF.L) and Irish rival Paddy Power (PLSA.I) have reached agreement on a 6 billion pound combination, first set out last month and designed to secure leadership of Britain’s competitive online gambling market. As in a provisional deal announced in August, Paddy Power shareholders will own 52 percent of the group with Betfair investors owning the rest, if the deal is approved by shareholders, Betfair said on Tuesday. The betting sector has seen a string of deals this year, as companies respond to tighter regulation and higher tax bills in Britain and across Europe by looking to bulk up and better compete in an online market buoyed by the increasing use of mobiles and tablets. Ladbrokes (LAD.L) and Gala Coral struck an all-share deal in July, while GVC Holdings (GVC.L) last week agreed to buy Bwin.party Digital Entertainment (BPTY.L). Under the latest deal, shareholders of Betfair – an exclusively online business best known for technology which allows gamblers to bet against e…