Notice: Undefined variable: mini_author_part in /home/latestca/latest_includes/latest_pages/article.php on line 347
Ladbrokes Call It A Day In Talks with 888 - 17th of Apr 2011

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 States of America United States of America played Creature from the Black Lagoon

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

In the last 24h

  • New Members
    34
  • Members Online
    293
  • Guests
    2,070
  • New Posts
    355

Totals

Casino Of The Month

Casino of the Month

Casino Software

Highest Community Rated Online Casinos
Bet365 Games
  (19 Ratings)
138SunGame
  (24 Ratings)
NextCasino
  (45 Ratings)
CasinoLuck
  (84 Ratings)
Lucky Live Casino
  (21 Ratings)
Sin City Casino
  (31 Ratings)
Casino Royale24
  (61 Ratings)
Jackpotjoy Casino
  (8 Ratings)
Jackpot Party
  (32 Ratings)
Betsson Casino
  (72 Ratings)
Oranje Casino
  (11 Ratings)
Luxury Casino
  (18 Ratings)
Norskespill
  (19 Ratings)
Spin Palace Casino
  (52 Ratings)
Fonecasino
  (28 Ratings)
MonacoAces Casino
  (28 Ratings)
Youwin Casino
  (18 Ratings)
Monte-Carlo® Casino
  (18 Ratings)
SuperLenny
  (10 Ratings)
Smart Live Casino
  (26 Ratings)
Whitebet Casino
  (27 Ratings)
Intertops Casino Classic
  (23 Ratings)
Slots.lv
  (23 Ratings)
BETAT Casino
  (46 Ratings)
Guts Casino
  (66 Ratings)
Jack Gold Casino
  (21 Ratings)
TradaCasino
  (12 Ratings)
Metro Play
  (10 Ratings)
NorgesAutomaten
  (9 Ratings)
BitStars Casino
  (9 Ratings)