Bwin Shares Jump on Report PartyGaming May Buy Part of Company
| 06 November 2006 |
As reported by: Bloomberg
Shares of Bwin Interactive Entertainment AG, an Austrian Internet bookmaker, jumped on a report that PartyGaming Plc may bid for part of Bwin's business.
Shares of Vienna-based Bwin climbed as much as 2.27 euros, or 14 percent, to 18.22 euros in the Austrian capital and were trading at 18.20 euros as of 9:40 a.m. local time.
PartyGaming, a U.K. online poker company, may bid for part of Bwin.com, the Times reported on Nov. 5, without saying where it obtained the information. Bwin is one of a number of companies PartyGaming is considering, the newspaper said.
"The deal makes perfect sense," said Andrew Lee, an online gaming analyst at Dresdner Kleinwort in London. "Combining online poker with sports betting creates opportunities for synergies and cost savings."
Bwin's stock has dropped 79 percent this year, mirroring declines by Web gambling stocks across Europe after the U.S. last month passed laws to shut down the industry.

Article By: Bloomberg
Shares of Vienna-based Bwin climbed as much as 2.27 euros, or 14 percent, to 18.22 euros in the Austrian capital and were trading at 18.20 euros as of 9:40 a.m. local time.
PartyGaming, a U.K. online poker company, may bid for part of Bwin.com, the Times reported on Nov. 5, without saying where it obtained the information. Bwin is one of a number of companies PartyGaming is considering, the newspaper said.
"The deal makes perfect sense," said Andrew Lee, an online gaming analyst at Dresdner Kleinwort in London. "Combining online poker with sports betting creates opportunities for synergies and cost savings."
Bwin's stock has dropped 79 percent this year, mirroring declines by Web gambling stocks across Europe after the U.S. last month passed laws to shut down the industry.
Article By: Bloomberg
Post a Comment
Top Online Casino Choice
Aladdins Gold Casino

Steal The Magic Lamp | Help Aladdin steal the magic lamp by guessing the 6 letter password to the treasure chest and you could walk away with a huge cash prize.

Steal The Magic Lamp | Help Aladdin steal the magic lamp by guessing the 6 letter password to the treasure chest and you could walk away with a huge cash prize.
Bodog Casino

100% Casino Match Bonus | On your first chip purchase in the Bodog Casino, receive a 100% match bonus of up to £/€/$50, instantly

100% Casino Match Bonus | On your first chip purchase in the Bodog Casino, receive a 100% match bonus of up to £/€/$50, instantly
Share it
Latest News
- Shuffle Master Receives Top Honors at Inaugural International Table Games Awards
Date: 08 February 2012 - PopCap Games - Leap Year: Will He Marry You?
Date: 08 February 2012 - PopCap Games to Launch Solitaire Blitz©, an All-New Social Game for the Facebook Platform
Date: 08 February 2012 - Bally Technologies Acquires Business-to-Business Remote Gaming Server
Date: 08 February 2012 - Caesars Entertainment Corporation Publicly Lists Its Shares
Date: 08 February 2012 - Revinate Selected by AlwaysOn as an OnMedia Top 100 Winner
Date: 08 February 2012 - Wheeling Island Casino Selects AIM for Critical Casino CRM
Date: 08 February 2012 - From Spinning Slots to Speeding Through the Stars ... Kansas is Brimming With New Adventures in 2012
Date: 08 February 2012 - Gamesys: Online Bingo Players Lucky Number Nets Her a Sensational Win!
Date: 08 February 2012 - Game On: Virtual Goods Generating Millions for German Gaming Industry
Date: 08 February 2012






Readers Comments
No comments have been submitted yet for this article.