Party says no to VC
PartyGaming's CEO Mitch Garber today denied recent rumours of the group's interest in acquiring the Victor Chandler Group. Garber said, in a statement that ‘PartyGaming PLC has no interest in acquiring Victor Chandler's Gibraltar-based betting empire.’ He also went on to went on to say that 'he would be reluctant to enter into a bidding war in this or any other potential acquisition.'
The gaming group has an estimated £500 million 'war chest' for acquisitions following its floatation last year.
It’s thought that Partygaming are still pursuing the acquisition UKBetting’s gambling products leaving UKBetting to focus on its once beleaguered sports content business.
Editor, Jackpot.co.uk - 2006-09-14 18:11:56