Talks end between Bwin and Party Gaming


"In the end, talks have not led to the desired outcome," Bwin chairman reveals.

Merger discussions between online gambling giants Bwin Interactive and Party Gaming, both listed companies on the Vienna and London stock exchanges respectively, have come to naught, reports Reuters news agency.

Speculation on the talks has been rife in the industry for some months, and will now be laid to rest on the news that Bwin's supervisory board chairman and biggest single shareholder, Hannes Androsch, has confirmed that talks have collapsed.

"In the end, talks have not led to the desired outcome," he was quoted as saying by Austria's Trend magazine this week.

Analysts predicted that a merger between the two giants could set off a wave of consolidation in the fragmented industry.

Trend magazine speculates that Bwin is now looking for a joint venture partner in the United States and is considering the sale of a minority stake of up to 11 percent to an as yet unidentified San Francisco-based company.

This was to some extent confirmed by Bwin's co-chief executive, Norbert Teufelberger, who told the magazine: "Bwin wants to tackle the task of entering the United States with a competent and local partner. We are holding talks to do this."

General Gambling News

Login to post a comment:


 
 

Click Here to register a new account

What's going on right now!

3mins ago someone from France, French Republic played Casino Hold'em

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

Casino Of The Month

Casino of the Month

In the last 24h

Totals

  • New Members
    25
  • Members Online
    349
  • Guests
    1,862
Highest Community Rated Online Casinos
NextCasino
  (142 Ratings)
Bet365 Games
  (160 Ratings)
Unibet Casino
  (124 Ratings)
CasinoLuck
  (215 Ratings)
Betsson Casino
  (205 Ratings)
Redbet Casino
  (136 Ratings)
Spin Palace Casino
  (111 Ratings)
Mr Green Casino
  (271 Ratings)
Betsafe Casino
  (177 Ratings)
Slotty Vegas
  (102 Ratings)
32 Red Casino
  (294 Ratings)
Guts Casino
  (167 Ratings)
Liberty Slots Casino
  (171 Ratings)
Winner Casino
  (329 Ratings)
BitCasino.io
  (166 Ratings)
ComeOn Casino
  (231 Ratings)
Sin City Casino
  (94 Ratings)
Vera John Casino
  (168 Ratings)
Intertops Red Casino
  (119 Ratings)
BETAT Casino
  (188 Ratings)
Thrills Casino
  (126 Ratings)
Intertops Casino Classic
  (107 Ratings)
Casumo
  (128 Ratings)
Ladbrokes Casino
  (148 Ratings)
Royal Vegas Casino
  (128 Ratings)
Jetbull Casino
  (100 Ratings)
Slotland
  (291 Ratings)
Whitebet Casino
  (87 Ratings)
InterCasino
  (132 Ratings)
Betfair Casino
  (201 Ratings)


Follow LCB on Facebook Follow LCB on Twitter Follow LCB on Pinterest Follow LCB on Google plus