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Google Bidding For Party Poker
Friday September 13,2013 : SCARY STUFF - IS GOOGLE MAKING A BID FOR ONLINE GAMBLING GROUP?
Business journalist's news send Bwin.Party stock price soaring
A report on rumours that internet leviathan Google is considering an acquisition move on struggling online gambling group Bwin.Party Digital Entertainment was enough to boost the gambling group's share price late Thursday as the news spread.
Geoff Foster of the UK publication This is Money set things in motion in reporting on the rumour, which resulted in Bwin's ailing stock price soaring, despite the lack of confirmation from either company.
The Mail Online reported that rumours of a 200p a share cash offer from Google have recently been doing the rounds, with dealers hearing that Google may make an offer before Bwin’s online poker and casino games are up and running in the state of New Jersey in November this year.
Bwin.Party is among the applicants striving for a New Jersey online gambling licence in partnership with Boyd Gaming and MGM Resorts and wants to operate its New Jersey intrastate enterprise under the Borgata and Party Poker brands.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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