888 has announced that it is still in talks with UK bookmaker Ladbrokes and that fourth-quarter operating income gained five per cent over the same period in the previous year.
Operating income in the period was $71.3m, the company said in a statement. Talks continue with Ladbrokes, the company said, after the Mail on Sunday said at the weekend that Ladbrokes might walk away because a bid was rejected as too low.
“There’s still interest on both sides,” 888’s CEO Gigi Levy said of the Ladbrokes talks in an interview. “Our current numbers only make us more appealing.” The shares have declined 56 per cent over the past 12 months, giving the company a market value of £160m.
