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Shares of the online gambling company 888 Holdings drop

The shares of the popular online gambling company 888 Holdings PLC (LSE: 888) dropped today 5.7% after the company announced that it had ended the buy-out negotiations with Ladbrokes.

888 Holdings PLC chartA statement to the London Stock Exchange notified investors that both parties had agreed to put an end to the negotiations, which started last October, but were complicated by the passing of the anti online gambling law in Washington late last year. Following the announcement the shares of 888 were trading at 115.5 pence, or 5.7% lower than the Monday LSE opening price.

888 Holdings PLC were one of the companies in a better position after the US Internet gambling bill, as it already had a strong non-American customer base, but fear of litigations still remain after the former CEO of the company was called for questioning by the French authorities this February.


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