888

888 U.K. Mulling Tax Incentives to Attract Offshore Online Casinos

Authored by Mark Hefflinger on February 23, 2007 - 1:29pm.

London - The U.K.'s finance minister plans next month to propose awarding offshore Internet gambling firms a British license in return for a tax as low as 2% or 3% on their revenues, London's Daily Telegraph reported on Friday.

U.S. Questions Investment Banks on Contacts With 'Net Gambling Firms

Authored by Mark Hefflinger on January 22, 2007 - 9:05am.

London - Following a string of arrests of online gambling company executives in the country, the U.S. Department of Justice has issued requests for information from several investment banks about their dealings with a number of gaming sites, Reuters reported, citing "banking sources."

U.K. Gambling Site 888 Cuts Price Range for Upcoming IPO

Authored by Mark Hefflinger on September 16, 2005 - 9:52am.

London -- 888 Holdings sent shockwaves through the European online gambling market this week after slashing the price range for its imminent initial public offering (IPO) on the London Stock Exchange from more than $1.27 billion to a midpoint of about $1.14 billion. The new price range is about 10% lower than initial estimates. Industry experts said 888 may have been hit by fears of waning Internet gaming growth after rival PartyGaming announced last week that new poker players were spending less than its traditional core. 888 has tried to distance itself from PartyGaming's troubles by insisting that it has seen no evidence of a downturn in online gambling. Conditional dealings in 888 shares are scheduled to begin later this month.

tags: IPO | Cuts Price | U.K. Gambling Site | 888 |