Ladbrokes Call It A Day In Talks with 888


New CFO Appointed, as well

In terms of the much announced and anticipated takeover of online gambling company 888, bookmaker Ladbrokes PLC announced that the negotiations which began at the end of 2010 are off; reportedly, the talks with which Ladbrokes wanted to expand its online presence in the market were terminated because the two companies couldn’t agree on the price.

According to Ladbrokes CEO Richard Glyn, "At the end of the day I simply decided it was not in the interests of shareholders."

On the other side, it was assessed by Paul Leyland, an analyst at Investec Securities: "We believe walking away from 888 was the right thing to do in terms of price, regulatory risk and operational fit. However, Ladbrokes' lacklustre online performance demonstrates the scale of the job."

Another novelty this week at Ladbrokes’ was the appointment of a new Chief Financial Officer, Ian Bull, who will transfer from Greene King plc where he has been Group Finance Director since 2006. He will occupy the new position as of 4 July 2011.

General Gambling News Casino Games Casino Software

Login to post a comment:


 
 

Click Here to register a new account
 
 

What's going on right now!

3mins ago someone from United States United States played House of Fun

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

In the last 24h

  • New Members
    15
  • Members Online
    297
  • Guests
    1,987
  • New Posts
    312

Totals

Casino Of The Month

Casino of the Month

Casino Software

Highest Community Rated Online Casinos
138SunGame
  (24 Ratings)
Jackpot Party
  (32 Ratings)
NextCasino
  (93 Ratings)
Slotty Vegas
  (40 Ratings)
Bet365 Games
  (109 Ratings)
Uptown Aces
  (39 Ratings)
CasinoLuck
  (157 Ratings)
Betsson Casino
  (143 Ratings)
Guts Casino
  (108 Ratings)
Intertops Casino Classic
  (61 Ratings)
Conan Casino
  (13 Ratings)
Redbet Casino
  (83 Ratings)
Betsafe Casino
  (116 Ratings)
ComeOn Casino
  (159 Ratings)
Spin Palace Casino
  (78 Ratings)
Unibet Casino
  (85 Ratings)
Thrills Casino
  (81 Ratings)
32 Red Casino
  (183 Ratings)
Mr Green Casino
  (214 Ratings)
3Dice Casino
  (152 Ratings)
Liberty Slots Casino
  (104 Ratings)
Casino Saga
  (66 Ratings)
BETAT Casino
  (127 Ratings)
Mummys Gold Casino
  (109 Ratings)
Jetbull Casino
  (60 Ratings)
Casumo
  (74 Ratings)
River Nile Casino
  (65 Ratings)
Winner Casino
  (282 Ratings)
Sin City Casino
  (61 Ratings)
Ruby Fortune Casino
  (101 Ratings)