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.