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Another 888 Takeover

11/19/09 -The perennial speculation that the Gibraltar-based Internet gambling group is about to be taken over surfaced again this week, this time on the German bourse, where unconfirmed but widespread rumours hinted at a Bwin move in that direction.
Bwin, a major Vienna-listed online gambling group is about to launch a serious fund-raising initiative, the rumours claimed....and the top item on its Christmas shopping list is
Reporting on the rumours and the positive effect they had had on share prices, the Daily Mail observed that the acquisition of would further strengthen Bwin's position in the European market following its recent acquisition of Italian group Gioco Digitale (see previous InfoPowa report).
The newspaper pointed out that, should Bwin make a move, it would have to get the agreement of brothers Avi and Aaron Shaked, who own 50 percent of the 888 equity through family trusts. Another pair of brothers, Shay and Ron Ben-Yitzhak, control a further 11 percent.
In late 2006, Ladbrokes and 888 held merger discussions which were amicably terminated in April 2007 following changes of tax laws in the UK and fears of US legal actions.
The company is now more attractive as a result of the success of its Dragonfish b2b division, which recently signed a long-term deal with US giant Harrah's Interactive to become its software provider, positioning it strongly in the event of any US legalisation of Internet gambling.

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Gambling News :

Phil Ivey Loses Borgata Casino - Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.

NYX Gaming in deal with Endemol - "Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”

NEW CAMBODIAN GAMBLING LAWS - After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.

Congress To Review US SportsBetting Restrictions - Did the American Gaming Association’s campaign influence the decision to take another look at the 1992 Professional and Amateur Sports Protection Act?

Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

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