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Partygaming - Bwin Merge talks end
6/27/10 - 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."
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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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