Bwin deny PartyGaming talks

Bwin, the Austrian online betting company, have refuted claims that they are in serious discussions over a sale to their rivals, PartyGaming.

Bwin has come under intense pressure as laws on private bookmakers have become more stringent in a number of European countries. Bwin have admitted that they are in talks with other big online operators but claim these talks are simply about advancing relationships in the industry, despite claims that talks with PartyGaming were well underway.

"We are talking to PartyGaming, like with all other big firms, about lobbying together to show a united stance for the industry in the European Union," said Karin Klein, a spokeswoman for Bwin. "But we are not talking to PartyGaming about a sale."

PartyGaming are evaluating their options amid the aftermath of the US anti-gambling legislation, where the value of the company took one of the biggest dives in the industry. They are currently said to be interested in buying 888 Holdings, but face stiff competition from Ladbrokes and may see Bwin as an alternative target as they seek to consolidate their position within the industry.

Editor, Jackpot.co.uk - 2006-11-07 12:16:48




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