Another 888 Takeover Rumour
Edited reviewed in-house204 wordsby the EasyPlay.Vegas desk
The perennial speculation that the Gibraltar-based Internet gambling group 888 is about to be taken over surfaced again this week, this time on the German bourse, where unconfirmed but widespread rumours hinted at a Bwin move in that direction.
21+ No operator we name holds a licence from a state regulator, and what you are allowed to play is settled by the state you sit in, not by us. This desk books no wagers, holds no balances and deals no cards — every button hands you over to the operator, and the terms you agree to there are the operator’s own. Conditions ride on every offer. Who pays this site, and for what.
Another 888.com Takeover Rumour – November 19th, 2009
Bwin, a major Vienna-listed online gambling group is about to launch a serious fund-raising initiative, the rumours claimed….and the top item on its Christmas shopping list is 888.com.
Reporting on the rumours and the positive effect they had had on share prices, the Daily Mail observed that the acquisition of 888.com would further strengthen Bwin’s position in the European market following its recent acquisition of Italian group Gioco Digitale (see previous EasyPlay.Vegas report).
The newspaper pointed out that, should Bwin make a move, it would have to get the agreement of brothers Avi and Aaron Shaked, who own 50 percent of the 888 equity through family trusts.
Another pair of brothers, Shay and Ron Ben-Yitzhak, control a further 11 percent. In late 2006, Ladbrokes and 888 held merger discussions which were amicably terminated in April 2007 following changes of tax laws in the UK and fears of US legal actions.
The company is now more attractive as a result of the success of its Dragonfish b2b division, which recently signed a long-term deal with US giant Harrah’s Interactive to become its software provider, positioning it strongly in the event of any US legalisation of Internet gambling.