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Ladbrokes: Ladbrokes Plc
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Ladbrokes plc (LSE: LAD) is a British based gambling company. It is based in Rayners Lane in Harrow, London. It is a member of the FTSE 250 Index, having been relegated from the elite FTSE 100 Index in June 2006.[1] Until 23 February 2006, Ladbrokes owned a major hotel business, including the Hilton hotel brand outside the United States. From 14 May 1999 to 23 February 2006 it was known as Hilton Group plc. Ladbrokes are known as the 'Magic Sign' within the industry.
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Ladbrokes plc is a British based betting & gaming company listed on the FTSE 100 Index. Ladbrokes [I]s the UK’s largest off-track bookmaker with approx 2000 retail outlets in the UK, Ireland and Belgium. Ladbrokes holds betting and gaming licences in the UK and Gibraltar and offers sports bets, online poker and casino.
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Ladbrokes PLC bills itself as the world's leading fixed odds betting company. The parent company was formerly known as the Hilton Group, but when the hospitality aspect of the company was sold to the Hilton Hotel Corporation in February 2006 the gaming arm was rechristened Ladbrokes.
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The long-rumored acquisition by British gaming giant Ladbrokes of 888 Holdings Plc, the parent company of Pacific Poker, has experienced another wrinkle. According to several British websites, the acquisition is being reworked to shield Ladbrokes from potential U.S. regulatory fallout.
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