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Bwin/Party Share price shows little advance despite talk about talks
Thursday November 27,2014 : INVESTORS HOLD FIRE ON BWIN.PARTY
Share price shows little advance despite talk about talks.
The possible sale of the Bwin.Party Digital Entertainment online gambling group has not tempted investors this week, with the share price easing slightly as the market awaited developments.
InfoPowa readers will recall that the company confirmed earlier this month that it was in talks with a number of interested parties over a "variety of potential business combinations, which could result in an offer being made for the company."
Since then the firm has been silent on the issue, although there has been widespread speculation that Amaya Gaming or Playtech are the unidentified suitors.
The UK financial publication This Is Money reported Wednesday that there is street talk of a cash bid in the region of 150p a share by Amaya, which in June forked out $4.9 billion for PokerStars and Full Tilt. That deal established it as the world’s biggest online gambling group, and Bwin would be a perfect bolt-on, the publication observed.
Bwin has faced pressure from 5 percent US activist investor Jason Ader’s SpringOwl vehicle to shake up its board, improve its growth strategy and reduce infrastructure costs
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
NBA Odds: Wizards-Celtics at the Garden -
The Washington Wizards are making this a series. They’ve won back-to-back games against the Boston Celtics to knot this second-round matchup at 2-2 with Game 5 at the Garden on Wednesday. TNT has the coverage starting at 8 PM ET.
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