..

Ladbrokes Looking To Buy 888.com

Written by:
Aaron Goldstein
Published on:
Dec/19/2010
Ladbrokes

After a failed attempt to acquire mega online casino company 888.com four years ago, The United Kingdom’s biggest bookmaker, Ladbrokes, is trying once more.

It was revealed Sunday night that Ladbrokes is offering around £240m or 70p a share.  That is nearly half of what they offered four years back but the industry is in constant flux and online casinos in particular have been battered by the current economic crisis. 

The initial deal fell through after fears that 888.com would become a target of US prosecution.  888 has yet to strike a deal with US authorities though they have considered that option.  Rivals PartyGaming and Sportingbet have been settled with the United States government.

An 888.com acquisition would be the first purchase by Ladbrokes since it broke free from the Hilton Hotels group in 2005.

Ladbrokes online business has had a tough time competing with William Hill, the UK’s second biggest bookmaker operation.  This has resulted in a major shakeup of Ladbrokes Internet arm in recent months.   

New Chief Executive Officer Richard Glynn has dubbed his efforts to build the online brand and ultimately compete with the likes of William Hill as “Project Galvanise”.  That plan also calls for doubling the company’s share price in five years.

- Aaron Goldstein, Gambling911.com

 

Business/Financial News

Rest in Peace Bitcoin?  Not Quite

Rest in Peace Bitcoin? Not Quite

Bitcoin ain't dead yet, nowhere near. Bitcoin is currently sitting at a $115 Billion market cap with each Bitcoin currently being worth $6,728.33.  The last time we saw a price point similar to this level was in early February, just 4 months ago. During that same month Bitcoin bounced back to over $11,000.

Inside the Cryptocurrency Revolution

Inside the Cryptocurrency Revolution

Vice News on HBO is set to premier a segment on the "Cryptocurrency Revolution", more specifically detailing Genesis Mining. 

Bitcoin Blockchain Acceptance Updates

Use of cryptocurrencies can be done anonymously.  Companies like JazzSports are leading the way by promoting anonymous accounts that only require a valid email account.  Payments are through a virtual wallet using the blockchain.  This means it no longer matters where the actual customer physically resides.

Bitcoin Purported Founder Craig Wright Says His BTC Fortune May Remain Locked

Bitcoin Purported Founder Craig Wright Says His BTC Fortune May Remain Locked

The man who claims to have invented Bitcoin and was ordered by a judge to surrender approximately $3 billion of his Bitcoin holdings says he can't, at least not any time soon.

Make Money as a Bookie

If you are looking to make money as a bookie then you will need two things, players that want to bet with you and a website where your players can make wagers on.

Syndicate