Rumour of 888.com takeover


Stocks rise as German bourse reacts to rumours that Bwin may acquire Gibraltar online gambling group

The perennial speculation that the Gibraltar-based Internet gambling group 888.com is about to be taken over surfaced again this week, this time on the German bourse, where unconfirmed but widespread rumours hinted at a Bwin move in that direction.

Bwin, a major Vienna-listed online gambling group is about to launch a serious fund-raising initiative, the rumours claimed....and the top item on its Christmas shopping list is 888.com.

Reporting on the rumours and the positive effect they had had on share prices, the Daily Mail observed that the acquisition of 888.com would further strengthen Bwin's position in the European market following its recent acquisition of Italian group Gioco Digitale .

The newspaper pointed out that, should Bwin make a move, it would have to get the agreement of brothers Avi and Aaron Shaked, who own 50 percent of the 888 equity through family trusts. Another pair of brothers, Shay and Ron Ben-Yitzhak, control a further 11 percent.

In late 2006, Ladbrokes and 888 held merger discussions which were amicably terminated in April 2007 following changes of tax laws in the UK and fears of US legal actions.

The company is now more attractive as a result of the success of its Dragonfish b2b division, which recently signed a long-term deal with US giant Harrah's Interactive to become its software provider, positioning it strongly in the event of any US legalisation of Internet gambling.

General Gambling News

Login to post a comment:


 
 

Click Here to register a new account

What's going on right now!

4mins ago someone from United States played Dolphin Reef

Casino Of The Month

Casino of the Month

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

In the last 24h

Totals

  • New Members
    28
  • Members Online
    502
  • Guests
    1,776
Highest Community Rated Online Casinos
Guts Casino
  (288 Ratings)
32 Red Casino
  (524 Ratings)
Club USA Casino
  (398 Ratings)
Mr Green Casino
  (385 Ratings)
Buzzluck Casino
  (262 Ratings)
Lucky Red Casino
  (307 Ratings)
Videoslots.com
  (254 Ratings)
CasinoRoom
  (251 Ratings)
Bet365 Games
  (251 Ratings)
NextCasino
  (258 Ratings)
Raging Bull
  (194 Ratings)
Unibet Casino
  (238 Ratings)
CasinoLuck
  (327 Ratings)
TradaCasino
  (104 Ratings)
Betsson Casino
  (318 Ratings)
Redbet Casino
  (232 Ratings)
SlotsMillion
  (165 Ratings)
Betsafe Casino
  (301 Ratings)
Betspin
  (61 Ratings)
Vera John Casino
  (255 Ratings)
Casino Extreme
  (284 Ratings)
ComeOn Casino
  (359 Ratings)
Ladbrokes Casino
  (204 Ratings)
InterCasino
  (204 Ratings)
Thrills Casino
  (248 Ratings)
Royal Panda
  (182 Ratings)
Bet365 Casino
  (497 Ratings)
Slotland
  (437 Ratings)
Slotty Vegas
  (175 Ratings)
Win A Day Casino
  (470 Ratings)


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