Party Gaming PLC Bidding On Another Sports Betting Firm

Early in the month Party Gaming PLC, owners of Party Poker, Party Casino, and Party Bingo, purchased the Bulgarian sportsbook, Gamebookers, entering themselves into the highly competitive and thriving industry of online sports gambling.

Now they are in pursuit to purchase a sports betting firm called the Chandler Group.

The firm, based out of Gibralter, is estimated to be worth more than 300 Million stg and the bidding wars may drive the price up to nearly 500 Million stg.

The deal is so big, and offers are so aplenty that the Victor Chandler Group had to hire an outside firm, Zeus Capital, to evaluate all offers.

If Party Gaming wins the bidding wars they will strengthen their companies position and bring themselves one stop closer to becoming the true leader in all areas of online gambling.

August 22, 2006
Posted By Susan Torres
Staff Editor, CasinoGamblingWeb.com    Previous Page | Internet Gambling | Top Online Casinos | Submit News!