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Bwin.Party Share price plummeted 25 percent on Friday

Saturday February 14,2015 :  DID FAILED ACQUISITION TALKS DRAG BWIN.PARTY SHARES DOWN?
 
Share price plummeted 25 percent on Friday.
 
Bwin.Party shareholders received an unpleasant surprise Friday as the share price plunged 25 percent on the London Exchange following unconfirmed reports that negotiations on a possible acquisition of the FTSE 250 gambling group with an unnamed suitor had failed.
 
The dramatic drop saw share prices dive to almost GBP 78, although there was some recovery later and the price at close of business was GBP 83.55.
 
Rumours of an acquisition bid on Bwin.Party, which has been struggling in recent times, have been circulating since late last year, with little concrete and confirmed information surfacing.
 
Faced with the serious decline in its share price, a Bwin spokesman effectively denied that any negotiations had failed, instead pointing out that stock exchange regulations required the company to issue an announcement if such an event occurred, and thus far no such statement had been made.
 
Nevertheless, the rumours continued to persist, backed by speculative reports in several publications that acquisition talks had ground to a halt, triggering a sell-off and the consequent drop in share price.
 
Mystery continues to surround the identity of the would-be suitor with whom Bwin.Party was reportedly talking; most of the speculation pointed to the disparately focused Amaya Gaming and Playtech groups, and even William Hill plc, although the latter is presumably focused at present on its admitted negotiations with 888 Holdings



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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