UK bookmaker Ladbrokes has pulled out from the discussions with the online gambling company 888 regarding a possible merger, invoking the UIGEA law in Unite States had made the things too complicated these days.
The deal was supposed to be reached for an impressive 450 millions pounds, but the changes in the US gambling legislation have droped 888 poker revenues to half. In this situation Ladbrokes considered that the complexity of the US situation was simply too much for such a deal.
Shares of both companies have droped after the annoucement. Shares in 888 fell 4¾ to 117¾p and Ladbrokes firmed 1½ to 405p.
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