The object of desire

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Gaming VC, owner of the largest German online casino, has emerged as a possible takeover target for both BetandWin and Sportingbet.

With the three firms all running on the Boss Media casino software platform and with “everyone looking for the next bid target or the most likely acquiror,” Dow Jones speculated that the Austrian bookmaker was considering mounting a bid for Gaming VC, while the UK press linked Sportingbet, which recently dropped its offer for Empire Online, with a possible acquisition of the casino operator.

Shares of World Gaming jumped 15 per cent in back of the rumors of a potential £3 a share bid for the company.

In separate news, Nigel Payne, Chief Executive of Sportingbet, hit back at the Daily Mail’s allegations related to the US lawsuit filed by RotoPlay.

“We haven’t copied its software and we haven’t done anything wrong, however, even if we had then any damages would not be material to our profits. A licence to buy the Rotoplay product is US$60,000 a year over a three-year period so you can draw you own conclusions,” he said responding to Korey Gardner, Chief Executive of Rotoplay, which was quoted as saying it was a potentially multi-million dollar case.