Will CVC gamble on Betfair for added horsepower in its stable?

After gambling on Formula One, private equity firm CVC is now reportedly considering taking a punt on Betfair

William Hill and partner GVC Holdings up the stakes in their takeover of Sportingbet

This morning William Hill and GVC Holdings announced they have reached agreement with the board of Sportingbet as the result of an increase in the indicative offer they have made for the company.