|
UK
Casino Times
> Casino
News
04 January 2006
Bell Issues Warning To Ladbrokes
Predators
Predators
circling the new, stand-alone Ladbrokes
plc have been
handed a stark warning by chief executive Chris
Bell.
"You'll need a very big
war chest before we show any interest" was the essence of
Bell's message, as the implications of the recent completion
of a £3.7 billion deal, which splits parent company
Hilton's two divisions by selling its 400 hotels to the
US-based Hilton Hotels Corporation, became
clearer.
Pre-Christmas press
reports of approaches for Ladbrokes from private equity
companies forced Hilton to make a stock exchange statement
admitting to 'expressions of interest'.
Subject to shareholder
approval the deal will be completed towards the end of
February.
However, Bell, who has
been with Ladbrokes since 1991, said on Friday: "This will
be a company worth over £4 billion, and my job is to
make it even stronger, so if somebody wants to own us, they
would have to put up a very big pot of gold."
Related pages:
None
Also see:
UK
Online Casinos
Reviews of the leading, approved UK online casinos. Includes
details of the free money welcome bonuses offered to new
players by the online casinos.
Online
Casinos Guide
New to online casinos? We take you through the process in a
friendly, easy-going way.
CasinoTimes.co.uk
is updated every day with the latest online casino and
gambling news.
Click
Here
to bookmark us and check us out daily!
Return
to UK Casino News index
|
