Ladbrokes is one of the prominent names in the gambling industry when it comes for moving gambling to the future. The gaming giant recently opted for Gibraltar so as to avoid the tax rate in UK. And now the company is to make another bold move which will affect the gaming scenario greatly.
Recently the trend in the gambling market for big gaming companies around the globe, especially in Europe is to merge thereby creating mega companies. Until now, Ladbrokes had been quiet. Reports have been surfaced that the gaming giant is in preliminary stages for the acquisition of 888 holdings.
A report from Sunday Telegraph stated that Ladbrokes placed an offer of $372.15 million for the acquisition of 888. The move can emerge as a risk at the present moment because 888 gaming is yet to be issued a clean chit by the US Department of Justice.
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December 30, 2010, 10:25 am (11 months ago)
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