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Online Casino Conditions >>> Betting News >>> December News

Ladbrokes Online Betting Site Put in Spotlight
Casino Conditions Staff

Hilton Group Plc may become just a gaming company now that its hotel division has been sought out by its American namesake, Hilton Hotels Corp.  Based in the UK, the Hilton Group owns the highly successful gambling chain Ladbrokes in addition to a hotel division that is likely to be sold to the other Hilton, popularly known in America.

Ladbrokes makes up approximately 60% of Hilton Group's profit, which only seems to be growing since the enactment of the UK Gambling Bill, the British gambling market in general, and Ladbrokes very own expansion of more betting shops and current business renovations.  Considering the hotel division of Hilton Group has dropped business since the London bomb attacks, turning Hilton Group into a gambling focused company is looking like a viable option for investors and stock holders.

And although there are speculations that Hilton Group might be getting offers from casino and gambling companies to buy out Ladbrokes as well, the company remains intent on carrying out negotiations with Hilton Hotels Corp.  Since the talk of buyouts all began, Hilton Groups stock has risen 2.8%, bringing the company's value to an all-time high of GBP 5.88 billion.  This is nearly a 30% rise in stock value from the start of fiscal year 2005.

With the online casino gambling and land-based betting industries growing as they are in the UK (value in 2010 is estimated over 10 billion) the sale of Ladbrokes alone could easily bring in 3 to 4 billion.  Pending on the sale of Hilton Groups lodging division, stock holders could be in for some big earnings.  Management will be keeping all shareholders posted on the current talks and the company's intent.

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