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  1. #1
    The Buzz's Avatar
    The Buzz is offline GPWA Gossip Hound
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    Default bwin shares rise after Italy move

    Shares in online betting operator bwin rose as much as 7 percent after the company said it's in the final stages of talks to purchase Italian poker operator Gioco Digitale.

    A gaming analyst told Reuters that he expects this purchase to greatly benefit bwin.

    From Reuters:
    The company declined to disclose terms under discussion. Daniel Stewart & Company analyst James Hollins said he estimated the purchase price to be around 100 million euros ($143 million), and expected the deal to boost bwin's earnings.

    'It would be a very good deal,' Hollins said. 'Even without cost and revenue synergies we would expect it to be earnings enhancing by more than 10 percent.'

  2. #2
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    JonOfFinsbury is offline Public Member
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    Lightbulb But...

    ...I'm curious to see how theshare price will perform after the ECJ backed the Portugese monopoly against them today: http://www.egrmagazine.com/news/indu...nst-bwin.thtml

    I can't think that losing a long and expensive battle with regulators will do the share price much good. I suppose they're hoping that they can pull it off when the case goes back to Portugal!

    Responses to the judgement fom Bwin:
    http://www.egrmagazine.com/news/indu...internet.thtml

    and the European Gaming and Betting Association: http://www.egrmagazine.com/news/indu...poly-law.thtml

    for anyone interested in what they have to say.
    Jon Parker,
    editor, EGRmagazine.com

  3. #3
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    JonOfFinsbury is offline Public Member
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    Lightbulb Follow up

    Hi guys,

    Two stories related to the judgement against Bwin at the European Court of Justice came out of the CEO panel at last week's EIG that I thought you might be interested in.

    In the first, 888 and PartyGaming responded to the news with the view that B2B is a vital hedge against protectionism, while the panel also saw most top egaming CEOs agree that the shape of new law is the number one issue facing the industry.

    Enjoy!


    Jon
    Jon Parker,
    editor, EGRmagazine.com

  4. #4
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    Default

    Quote Originally Posted by The Buzz View Post
    Shares in online betting operator bwin rose as much as 7 percent after the company said it's in the final stages of talks to purchase Italian poker operator Gioco Digitale.

    A gaming analyst told Reuters that he expects this purchase to greatly benefit bwin.

    From Reuters:
    Hehe, Bwin and their world-dominating ways...
    Positively THE most diverse rakeback deals package out there
    Now even more poker prop and rakeback deals

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