27th of June 2010 Author: Glo Wood
"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
7th of August 2010
29th of July 2010
26th of July 2016
25th of July 2016
26th of May 2016
27th of May 2016
2nd of June 2016
25th of May 2016
Disclaimer Contact Us Privacy Gambling Help About Us Site Map
LatestCasinoBonuses.com © 2006-2016
Join now for full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
PLUS join now and get...
100% up to $1000 PLUS 25 free spins! Sponsored by ClubUSA Casino, US OK.
View more information here