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!

4mins ago someone from United Kingdom played Top Trumps Celebs

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
    28
  • Members Online
    373
  • Guests
    1,570
Highest Community Rated Online Casinos
SlotsMillion
  (114 Ratings)
32 Red Casino
  (376 Ratings)
Guts Casino
  (211 Ratings)
Club USA Casino
  (308 Ratings)
Mr Green Casino
  (323 Ratings)
Buzzluck Casino
  (189 Ratings)
Lucky Red Casino
  (242 Ratings)
Videoslots.com
  (182 Ratings)
Nexxedge
  (59 Ratings)
Bet365 Games
  (198 Ratings)
NextCasino
  (182 Ratings)
CasinoLuck
  (251 Ratings)
Betsson Casino
  (247 Ratings)
Unibet Casino
  (169 Ratings)
Betsafe Casino
  (222 Ratings)
Redbet Casino
  (179 Ratings)
ComeOn Casino
  (289 Ratings)
Spin Palace Casino
  (134 Ratings)
Casino Extreme
  (200 Ratings)
Raging Bull
  (82 Ratings)
Casino Adrenaline
  (42 Ratings)
Vera John Casino
  (205 Ratings)
Thrills Casino
  (166 Ratings)
Slotland
  (357 Ratings)
BETAT Casino
  (226 Ratings)
Intertops Red Casino
  (144 Ratings)
Ladbrokes Casino
  (170 Ratings)
Slotty Vegas
  (135 Ratings)
Casumo
  (172 Ratings)
Hello Casino
  (106 Ratings)


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