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PartyT
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USA
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Posted - 01/31/2010 :  05:20:56 AM  Show Profile  Visit PartyT's Homepage  Send PartyT a Yahoo! Message  Reply with Quote
Gambling consolidation gathers pace


The long-anticipated consolidation of the online gaming industry has moved a step forward, after confirmation of earlier rumours that PartyGaming is in merger talks with Austrian rival Bwin, amongst others.


"Everyone's been talking to everyone within the industry and that's been an open secret," said Geetanjali Sharma, leisure analyst at broker Noble. Ms Sharma said the possibility of a tie up with Bwin made good strategic sense, creating a giant with the muscle to compete against aggressive American rivals, both in its home market and in the US, which is believed to be considering a repeal of its online gaming ban.
http://www.investorschronicle.co.uk/Companies/ByEvent/TradingNews/Analysis/article/20100127/d95e6166-0b28-11df-8109-00144f2af8e8/Gambling-consolidation-gathers-pace.jsp
John Hughman
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