Merger speculation with leading online gambling group drives Party Gaming stock up
Informed market rumour drove Party Gaming stock up 11% Friday – an eight month high – on speculation that the group was about to sign a merger agreement with the giant Austrian online gambling group Bwin.
With media speculation mounting, Party Gaming issued a statement saying: “Further to recent press speculation, the Board of PartyGaming PLC confirms that it is continuing to hold discussions with a number of companies in the gaming sector regarding potential consolidation opportunities.
