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 Switzerland, Swiss Confederation Switzerland, Swiss Confederation played Lucky Reels

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

In the last 24h

  • New Members
    15
  • Members Online
    278
  • Guests
    1,904
  • New Posts
    199

Totals

Casino Of The Month

Casino of the Month

Casino Software

Highest Community Rated Online Casinos
138SunGame
  (24 Ratings)
Jackpot Party
  (32 Ratings)
NextCasino
  (84 Ratings)
Bet365 Games
  (97 Ratings)
CasinoLuck
  (143 Ratings)
Betsson Casino
  (130 Ratings)
Guts Casino
  (96 Ratings)
Intertops Casino Classic
  (51 Ratings)
Spin Palace Casino
  (69 Ratings)
Funbet
  (16 Ratings)
Betsafe Casino
  (102 Ratings)
Conan Casino
  (13 Ratings)
ComeOn Casino
  (141 Ratings)
Unibet Casino
  (75 Ratings)
Thrills Casino
  (70 Ratings)
Redbet Casino
  (73 Ratings)
Mr Green Casino
  (197 Ratings)
32 Red Casino
  (163 Ratings)
Jackpot Capital
  (85 Ratings)
Vera John Casino
  (115 Ratings)
BETAT Casino
  (107 Ratings)
3Dice Casino
  (141 Ratings)
Sin City Casino
  (50 Ratings)
Casino Saga
  (53 Ratings)
Liberty Slots Casino
  (93 Ratings)
River Nile Casino
  (61 Ratings)
Virgin Games
  (37 Ratings)
Winner Casino
  (269 Ratings)
Mummys Gold Casino
  (105 Ratings)
BetVictor Casino
  (109 Ratings)