888 takeover talks continue

The internet gambling firm 888 Holdings said takeover talks with Ladbrokes were still ongoing yesterday as it bolstered its negotiating position with strong final-quarter sales. The company, which offers casino, poker and sport betting, said an announcement regarding a potential deal with the bookmaker would be made when appropriate – following reports that discussions had hit difficulties over price. 888 posted an 18 per cent increase in operating income to $71m (£44m) in the final quarter of 2010.

Ladbrokes revealed it was in talks to buy 888 in December, following reports it had offered £240m for the company.