Trump News Causes 888 Holdings Shares to Surge
Overnight news that real estate and casino mogul Donald Trump is in talks with 888 Holdings to potentially offer “real money” online poker play in the US has sent that company’s shares surging to a 56-week high of 65 pence earlier in the day. New Jersey, which is home to a handful of Trump-branded casino establishments, is looking to become a hub for the regulated online poker industry.
Trump, who owns a 10 percent stake in Trump Entertainment, is the latest in a line of US-based firms looking for potential partnerships in the States as the industry prepares to open up.
888 Holdings is already the largest online gambling site targeting Canadians and quite possibly the perfect match for The Donald. 888 runs the 4th biggest online poker network in the world.
888 Holdings trades on the London Stock Exchange.
- Aaron Goldstein, Gambling911.com
