888 Holdings Shares soar

We should get into the predictions business here at Online Keno. Last week we wrote an article ridiculing the hysteria that the British mainstream media was trying to whip up surrounding the break down in talks between Ladbrokes and 888 Holdings. We told you that the slump in 888 Holdings share price could only be a good thing and that you should go out and get some shares. 888 Holdings control some of the most popular and respected brands on the internet including 888 Casino and Wink Bingo .

This week the shares have rocketed. We think we should get into the financial services industry at this rate. Shares at 888 Holdings are 9 pence up in a single day and likely to rise on the back of the Department of Justice crackdown in the United States. This trend is probably set to continue moving forward. Whilst there was a definite advantage to being able to operate within the United States when all of the big operators had been forced out, the downside of that decision is now in full flow. 888 Holdings via its Casino and Poker product have been gaining market share in Europe and its Bingo products are the undoubted Kings and Queens of the UK Bingo market. With all of this in its favour why would it listen to a Ladbrokes offer that probably undervalues the company by a significant margin?

We still believe that this is just the start of a massive recovery for 888 and that there is further growth to be seen from both its gambling products and its share value. So far we have been 100% correct. Ok so it was just one prediction but it is a good one. We wonder what the British Media are writing about 888 Holdings now.

Written for Online Keno by Greg