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 played B-Boy's Street

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
    20
  • Members Online
    311
  • Guests
    2,055
Highest Community Rated Online Casinos
NextCasino
  (142 Ratings)
Bet365 Games
  (160 Ratings)
Unibet Casino
  (123 Ratings)
CasinoLuck
  (214 Ratings)
Betsson Casino
  (204 Ratings)
Redbet Casino
  (136 Ratings)
Spin Palace Casino
  (111 Ratings)
Mr Green Casino
  (271 Ratings)
Betsafe Casino
  (177 Ratings)
Slotty Vegas
  (101 Ratings)
32 Red Casino
  (294 Ratings)
Guts Casino
  (167 Ratings)
Winner Casino
  (328 Ratings)
Sin City Casino
  (93 Ratings)
BitCasino.io
  (166 Ratings)
ComeOn Casino
  (231 Ratings)
Liberty Slots Casino
  (166 Ratings)
Vera John Casino
  (167 Ratings)
Intertops Red Casino
  (116 Ratings)
Intertops Casino Classic
  (105 Ratings)
BETAT Casino
  (187 Ratings)
Thrills Casino
  (124 Ratings)
Ladbrokes Casino
  (146 Ratings)
Royal Vegas Casino
  (128 Ratings)
Casumo
  (127 Ratings)
Slotland
  (291 Ratings)
Jetbull Casino
  (99 Ratings)
Whitebet Casino
  (87 Ratings)
InterCasino
  (130 Ratings)
Betfair Casino
  (201 Ratings)


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