Online Poker News - New Takeover Reports Arrive in Light of Online Gambling Legalization in the States
18th of August 2011 Author: Glo Wood
Is Wynn Resorts about to acquire Bwin.party digital?
According to the latest industry news, dealing with the potential legalization of online gambling or poker in the United States, the market may see a major takeover transaction take place really soon.
Namely, rumour has been triggered over the past days about a number of takeovers of already successful European online groups by US companies, the most notable one being reported by the Independent this week, involving a possible takeover of the Bwin.party digital group by US giant Wynn Resorts.
The reason for the takeover consideration, apart from the potential legalization of online gambling, may lie in the serious drop experienced by the company's share price – 45 percent, since the merger of Bwin and Party Gaming in March 2011. However, in the middle of the week, Bwin.party share prices have seen a slight increase in the wake of the rumors of a Wynn interest in it.
Prior to this, the owner of Wynn Resorts, Steve Wynn, was involved in an online poker federal legalization initiative with Pokerstars.com, which failed due to the Black Friday actions.
In related news, another potential interested party for Bwin.party digital takeover has been reported - the British group William Hill plc, which has been pursuing its expansion plans, especially in its William Hill Online division. However, neither this, nor the previous rumor has been confirmed or commented so far, so it only remains to see how things will develop in the future.
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