{"id":93,"date":"2007-04-25T16:49:39","date_gmt":"2007-04-25T16:49:39","guid":{"rendered":"http:\/\/www.the-finance-zone.co.uk\/markets\/ladbrokes-pulls-the-plug-on-888\/"},"modified":"2007-04-25T16:49:39","modified_gmt":"2007-04-25T16:49:39","slug":"ladbrokes-pulls-the-plug-on-888","status":"publish","type":"post","link":"https:\/\/the-finance-zone.co.uk\/index.php\/2007\/04\/25\/ladbrokes-pulls-the-plug-on-888\/","title":{"rendered":"Ladbrokes pulls the plug on 888"},"content":{"rendered":"<p class=\"MsoNormal\"><strong><span style=\"font-size: 10pt\"><!-- S BO --><!-- S IIMA -->Shares in the online gaming firm 888 Holdings have fallen sharply after talks about a possible takeover by the bookmakers Ladbrokes fizzled out.<\/span><\/strong><span style=\"font-size: 10pt\"> <\/span><\/p>\n<p><span style=\"font-size: 10pt\">Ladbrokes said last November that it had approached the Gibraltar-based firm about a possible deal. <\/span><\/p>\n<p><span style=\"font-size: 10pt\">But in a statement, Ladbrokes now says the two parties have &#8220;amicably agreed to discontinue talks&#8221;. <\/span><\/p>\n<p><span style=\"font-size: 10pt\">888 has been in talks with various parties since the US enacted a law effectively banning online gaming. <\/span><\/p>\n<p><!-- E SF --><strong><span style=\"font-size: 10pt\">Rising revenue<\/span><\/strong><span style=\"font-size: 10pt\"> <\/span><\/p>\n<p><span style=\"font-size: 10pt\">It has sought to diversify its interests, focusing on Europe instead. <\/span><\/p>\n<p><span style=\"font-size: 10pt\">Like other similar operators, 888 had been looking to the US for much of its long-term growth and October&#8217;s ban led many experts to question its future. <\/span><\/p>\n<p><span style=\"font-size: 10pt\">But despite closing its US operations, the firm&#8217;s gaming revenues rose 7% last year. <\/span><\/p>\n<p><span style=\"font-size: 10pt\">In morning trading, 888 shares were down 5.7% at 115.5 pence while Ladbrokes shares edged up 0.8% to 406.75p. <\/span><\/p>\n<p><!-- E BO --><\/p>\n<p class=\"MsoNormal\">source: bbc.co.uk<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares in the online gaming firm 888 Holdings have fallen sharply after talks about a possible takeover by the bookmakers<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[32],"tags":[],"class_list":["post-93","post","type-post","status-publish","format-standard","hentry","category-markets"],"_links":{"self":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/93","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=93"}],"version-history":[{"count":0,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/93\/revisions"}],"wp:attachment":[{"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=93"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=93"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/the-finance-zone.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=93"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}