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Lots of take over rumors involve MGM Mirage and Ladbrokes, two of the world’s largest gambling groups. The two giants are set to takeover internet rivals decimated by recent US Congress legislation banning online gambling.

MGM, is understood to have contacted a number of players in the sector, including poker market leader PartyGaming. 888 has been very active and was quoted to be talking to more than one party.

At interim results in September, its last financial announcement before the American bombshell, 888 reported net gaming revenues had grown 61% in the UK and 16% in continental Europe. “The truth is that everybody is talking to everybody else,” said one source involved in discussions. “These things are at an early stage – the US situation only developed a few weeks ago.”