Party Gaming to Bet on Victor Chandler

Party Gaming Plc the company that runs is reportedly interested in the purchase of the Victor Chandler group. This follows Party Gaming’s recent purchase of Gamebookers for £69 million.

It is believed that Party Gaming is one of three potential buyers for the online gaming company, the other two potential buyers are still unknown. Victor Chandler operates in the Asian market and does not take bets from the US meaning that it is a viable option for the strategic development of Party Gaming.

Neither Victor Chandler or Party Gaming have commented on the bid, however reports have indicated that negotiations could commence as early as September. Zeus Capital, the corporate finance firm has been brought in by the Victor Chandler Group to evaluate the offers.

The Victor Chandler group operates an online casino and poker brand as well as a sportsbetting business and currently has a turnover of £1.4 billion. - 2006-08-23 12:16:28

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