Online Gambling Giants 888 & Rank Possible Merger

Published Sunday, July 24, 2016 - Online-Casinos.com
Online Gambling Giants 888 & Rank Possible Merger

The growth of the gambling industry and online betting in particular has seen a number of mergers and acquisitions that are creating very big gaming firms that dominate the business landscape. For start up online casinos it has become increasing difficult to gain traction when pitted against very large terrestrial and online gambling operators.  

The talk of yet another merger has surfaced about the possible joining of the Rank Group and the 888 Holdings online gambling enterprise to form a major force in the wagering world. Should the two online gambling firms enter into a merger, they will create a £2-billion gambling company with online and terrestrial operations that span multiple regulated markets.

888 Holdings has been looking for expansion opportunities and was one of the participants in an extended bidding war for rival online gambling operator bwin.party. Another rival online betting services provider GVC Holdings eventually bought bwin.party for £1.1 billion just a few months ago. Two other online gambling giants Paddy Power/Betfair and Ladbrokes/Gala Coral, announced that they would join their entities for an enhanced experience within the highly competitive betting market.

888 Holdings, is a Gibraltar-based firm that operates several online gambling web locations, available in multiple regulated jurisdictions in the USA including New Jersey, Nevada, and Delaware, the only three US states where gambling is legally available on the internet. Is based in the United Kingdom and is owner of the

The Rank Group Grosvenor Casinos, considered the UK’s largest chain of terrestrial gambling outlets. Rank also operates two casinos in Belgium and has a rapidly expanding its online sector. Mecca Bingo and Spanish facing Enracha are the other two brands owned by Rank. The merger with 888 Holdings has the possibility to improve Rank’s online presence considered a strategic growth area in the gambling market place.

 

 

 

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