PlayTech Interested in Acquiring 888

In the online gambling industry, mergers are becoming an increasingly popular trend. After PartyGaming announced its merger with Bwin, online casino operators have been inspired to team up with others in the industry to produce their own online gaming mega powers.

Now, PlayTech is showing interest in acquiring the 888 Holdings, an online gambling brand that has been entertaining offers for the past couple of years. 888 has seen a difficult time over the last half of the decade, and the company is looking for a little help from a generous company that wants to acquire its assets.

PlayTech, which is currently worth about £1 billion, is looking at purchasing 888 for £200 million. Currently, financial analysts believe that 888 is worth just over £150 million, despite seeing some growth this year.

Unfortunately, 888 has refused the offer from PlayTech. 888 has yet to give a reason why, but we have been led to believe that they are hoping for a bit more money. Ladbrokes has also shown interest in the online gambling operator, but the company’s bids have also been refused.