Monday, December 11, 2006

Ladbrokes set to buy 888

The news on the wires is that the top UK Bookmakers, Ladbrokes is proposed a GBP490 million takeover bid for the 888 online casino group, this news comes after more than a month of talks between the two firms.
Casino888 has also seen interest from rivals PartyGaming and William Hill Casino, The 888 owners, Aaron and Avi Shaked and Shay and Ron Ben-Yitzhak still own about two-thirds the shares thought to be worth over GBP300m.
Ladbrokes shows there interest to buy 888 following the gambling collapse in the USA because of the new Unlawful Internet Gambling Enforcement Act, that banned online gambling.

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