Industry speculation surrounding a possible deal between gambling giants Ladbrokes and 888.com were put to rest this week. Both firms issued statements to confirm that there will be no deals going ahead.
Rumors were fueled last October by a report in The International Herald Tribune, which suggested that British gambling firm Ladbrokes was investigating methods to avoid liability for a possible takeover of 888.com's American interests. 888.com abandoned its U.S interests last year in the wake of anti-gambling legislation. However, before Congress passed the Unlawful Internet Gambling Enforcement Act, the firm had already diversified its business interests and was hit far less than other gambling companies.
The International Herald Tribune reported that the two companies held meetings in October, but  that interruptions and delays have caused a mutual withdrawal from further talks. Company statements backed this up, saying “a business transaction has been abandoned by amicable agreement.” Shares in 888 Holdings PLC fell 5.7 percent following the news.

888 has continued to consolidate its business interests in Europe since the US legislation was passed. The firm recently received an online sports betting license in Italy. Earlier this year, 888 became the main supporter of the Rileys website which promotes a chain of 168 pool and poker clubs.

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