Ladbrokes Online Casinos Talks Confirmed

21st December, 2010

Following rumours in the British press over the weekend, one of the leading online betting companies has confirmed that it is in talks to take over online casinos giant, 888.com.

Harrow based Ladbrokes said on Monday that they were in talks with the Gibraltar based 888, valueing the company at around £250m - with an offer likely to be around the 70p per share mark.

This is the second big move from new CEO Richard Glynn, following his ruthless sacking of many Ladbrokes stalwarts - including long time eGaming MD, John O'Reilly - in his 'Operation Galvanise' project.

Ladbrokes are no strangers to 888 take-over talk, following their failed bid back in 2006.