888 Is A Lucky Number For Ladbrokes

November 11th, 2012  :  Written by Patriot #1

ladbrokes logo

While online gambling giant PartyGaming was having coffee with 888 Holdings, owners of Casino-On-Net and Pacific Poker, regarding possible merger talks to stem the rapid decline of their business, 888 was out back schmoozing Ladbrokes, one of the UK’s largest traditional gaming companies. Opinion on who has the early lead goes to Ladbrokes, as their business is much more stable than PartyGaming.

PartyGaming, owners of PartyPoker, laid off almost half their workforce on Friday and issued a statement that more cuts are expected. And remember, these are jobs in the UK and Gibralter, so the US ban continues to have vast economic impact on major companies from other countries.

Though Ladbrokes operates an online division that offers sportsbetting, casino, poker and skill games, their bread-and-butter for over 120 years has been their land-based betting shops. So they bring a possible stability to 888 that Party just can’t offer. You can read the entire article at the International Herald Tribune.

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