888 Holdings Doing Well

The online gambling company 888 Holdings PLC reported that they were doing well with their non US business holdings. The company was one of those that was affected by the passing of the Unlawful Internet Gambling Enforcement Act (UIGEA) last October, so many were concerned with how they might be doing. They also spoke of a possible expansion, and mentioned that they did not know any details about a possible takeover by Ladbrokes.

It has been hotly discussed since last year over whether or not Ladbrokes will continue to pursue the company in light of the new bill and the fact that the FBI has arrested the co-founders of Neteller. If Ladbrokes takes over 888, they will come under federal scrutiny, so they want to make sure that they are completely covered and shielded by any criminal liabilities that might be forthcoming against 888.

There is a possibility that Ladbrokes might consider pulling out of the deal, and they say that if it happens then there will be other companies to work out deals with. PartyGaming has shown an interest in purchasing the company, but 888’s shareholders are not pushing for a buyer right now. They say that if Ladbrokes works out then that will be great, but they are not looking to settle for just anything. They say that the company is performing very well right now, so they are content to sit and wait to see what will happen.

However, they are quick to point out that talks on both sides are continuing, so there is an interest on both parts to see if they can work something out. They say that although the company was affected by the US rulings, there is also the fact that they then looked to find other markets and venues to pursue and having done that are back in a really good place again.

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