Sport is made for betting

Four years after pulling out of a proposed deal because of concerns about US legality, Ladbrokes PLC have confirmed they are in discussions to buy 888 Holdings. It's been a tough few years for 888 who were valued at 240p per share back in 2006, but last week before the announcement were south of 50p (now 56p after peaking around 60p). According to this report though, Sportingbet (who are known to be looking around for merger and acquisition targets after recent talks with Unibet) and Harrah's could be sniffing around as well.... Meanwhile, in other trading news, Goldman Sachs have upgraded their Betfair rating from neutral to buy . Not much conflict of interest there considering they were the investment bank who floated them, and are now probably desperate to save face as the company trades more than £3 below IPO price, and over £5 below the peak during restricted trading.....

Sportingbet started the trend by purchasing No1 Betting Shop from Vanuatu and then moving them to Darwin, Paddy Power got into the act by snapping up Sportsbet and IAS, and then Centrebet started preening their feathers in public trying to woo as many prospective buyers as they could. Anecdotal evidence suggests that several other Australian firms are available to buy, as most of the original owners are approaching retirement age. BWin, William Hill, Ladbrokes, 888 and others were mentioned as prospective suitors for Centrebet but it all seems to have gone very quiet lately. BWin have tied up with Party Gaming which should keep them busy plus neither are shy about attracting Australian customers despite laws against online casino and poker operations; William Hill's online division is 29% owned by Playtech, another company with fingers in many bingo, casino and poker pies which reach Australia either organically or by targetted marketing; Ladbrokes are still involved in the bid f...

Easy - settle with companies who have been making money out of US poker players for years! Party Gaming are first, what will happen for 888 and Sportingbet who are also in 'negotations'? It's Official: Party, Feds Do $105 Million Deal Ah, America. A land where everything can be fixed with a chequebook...