As reported by the Guardian, the world\’s largest online poker company is looking to diversify its interests away from it mainly US-focused poker business. As Chief Executive Mitch Garber ruled out the acquisition of a traditional “bricks and mortar” casino business, PartyGaming will retain its commitment to being a web-only business and sports betting is seen as complementary to its existing poker and games operations.
The newspaper said the first purchase would be of a relatively small privately-owned European operator, adding talks were at an advanced stage.
eGaming Review tipped Trident Gaming-owned Gamebookers and Swedish-listed Unibet as possible targets.
Elsewhere, Centrebet has announced its initial public offering had been heavily oversubscribed and had received strong support from institutional and retail investors. The Australian bookmaker expects to have a market capitalisation of A$174 million upon listing on the Australian Stock Exchange.
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