888.Com Takeover Speculation Increasing
Published: Sunday, January 14, 2007 Online-Casinos.com
888.COM TAKEOVER SPECULATION INCREASING
Weekend press reveal Ladbrokes strategy
Speculation in Britain on the possibility of Ladbrokes taking over the Gibraltar-based 888.com online gambling group went up a gear over the weekend with media reports on the British bookie's alleged strategy.
Sky TV and the Financial Mail on Sunday reported that Ladbrokes could avoid potential US legal action with a specially-tailored GBP440 million takeover plan for 888, in a strategy which would see it strip out the majority of the latter's assets, rather than acquiring the group as a whole.
The article quotes a lawyer as saying: "If a company faces criminal liabilities in the US, selling up is not the end of it. The new owner will face the same criminal proceedings. But this new structure could give Ladbrokes an interesting defense by separating the corporate identities of the two companies."
The situation has been brought about by last summer's US online gaming financial transactions crackdown, which forced a pull-out of many gaming firms, especially in the public sector.
One analyst pointed out that the proposed move could see Ladbrokes "...have their cake and eat it."
However, the paper says non-executive directors on the Ladbrokes board have been holding up the talks for weeks by their insistence on scrutinising every legal detail.
Ladbrokes shares closed at a record high on Friday.
An old favorite brought back under a new software brand, U.S. friendly.
Use just one account to access poker, sports book and casino gaming.
Excellent number of high-quality games and great support.
Nice sign-up and on-going bonuses with fast cash withdrawal processing.
Good selection of fun games including some new, innovative games on offer.
Huge sign-up bonus with reasonable wagering requirements and an excellent look and feel.
New players receive an insane 200% bonus up to $1000 free on both their first and second deposit.
New players offered up to $888 free in sign up bonuses, a special bonus available for blackjack players as well.
