Its rubbish! 888.com is not being acquired by Ladbrokes


It's here again - the old chestnut that 888.com is about to be acquired by Ladbrokes...

One of European online gambling's perennial chestnuts - that 888.com is about to be acquired by Ladbrokes - surfaced again Tuesday, sending ripples of interest through the London markets. As in previous incidents, there appeared to be little substance, with unidentified sources denying that such a move was in progress.

Reporting on the sudden surge of speculation, the Reuters news agency quoted reportage in the Daily Mail newspaper regarding an allegedly imminent bid by Ladbrokes of 139 pence a share, valuing 888 at around GBP 480 million.

Reuters sources were quick to scotch the rumour, commenting that there was no prospect of an acquisition in the immediate future.

"It's rubbish. These are old rumours doing the rounds again," one of the sources told the news agency.

KBC Peel Hunt analyst Nick Batram told Reuters that a deal is unlikely at the current time.

"Whilst I think Ladbrokes does have to do something strategic online, I think a bid for 888 at this point is highly unlikely. One reason is they haven't got the cash and, secondly, 888 wouldn't want the Ladbrokes paper," he said.

Ladbrokes and 888 both declined comment on the speculation.

General Gambling News

Login to post a comment:


 
 

Click Here to register a new account

What's going on right now!

2mins ago someone from United States played EggOMatic

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

Casino Of The Month

Casino of the Month

In the last 24h

Totals

  • New Members
    29
  • Members Online
    403
  • Guests
    1,649
Highest Community Rated Online Casinos
BETAT Casino
  (207 Ratings)
SlotsMillion
  (66 Ratings)
32 Red Casino
  (335 Ratings)
Guts Casino
  (195 Ratings)
Club USA Casino
  (268 Ratings)
Mr Green Casino
  (297 Ratings)
Buzzluck Casino
  (168 Ratings)
Lucky Red Casino
  (218 Ratings)
Videoslots.com
  (158 Ratings)
NextCasino
  (164 Ratings)
Bet365 Games
  (182 Ratings)
Bohemia Casino
  (11 Ratings)
Unibet Casino
  (155 Ratings)
CasinoLuck
  (240 Ratings)
Betsson Casino
  (227 Ratings)
Betsafe Casino
  (200 Ratings)
Redbet Casino
  (165 Ratings)
Spin Palace Casino
  (124 Ratings)
Casino Extreme
  (175 Ratings)
Slotty Vegas
  (120 Ratings)
Intertops Red Casino
  (130 Ratings)
ComeOn Casino
  (263 Ratings)
Sin City Casino
  (110 Ratings)
Vera John Casino
  (189 Ratings)
Intertops Casino Classic
  (117 Ratings)
Thrills Casino
  (145 Ratings)
Winner Casino
  (357 Ratings)
Ladbrokes Casino
  (160 Ratings)
Slotland
  (324 Ratings)
Voglia di Vincere
  (6 Ratings)


Follow LCB on Facebook Follow LCB on Twitter Follow LCB on Pinterest Follow LCB on Google plus