It’s been just under a month since 888 were outbid by GVC Holdings to takeover Bwin. With the increased number of buyouts and mergers occurring all across the industry, it was uncertain if 888 would fall victim to being bought out itself or if it would continue to look for new investments.
Speaking with the Financial Times last week, Brian Mattingley, the chairman of 888, has stated that 888 are not under threat of being taken over and are still on the lookout for further acquisition opportunities.
888 Is Still On The Lookout
Mr Mattingley made it clear he was aware of the continued pressure to merger due to increased taxes against gambling companies and furthered that his company was more than able to meet the challenges of this.
888 recently turned down a proposed buyout from William Hill, instead deciding to continue independently. The Bwin buyout was their first attempt since then to acquisition another company, which unfortunately was thwarted by a last minute offer from GVC.
Mr Mattingley expressed that he felt his company had enough pull in the industry to generate interest with more parties. 888 will continue to look for further acquisition opportunities, in order to grow their brand. He cited their sports department specifically, as a point of interest for growth.