Sports betting and poker specialist website bwin.party is involved in negociations with some potential suitors for what will result in a bid for the company. Speculations have been going strong as rumors of a possible deal from Amaya were circulating around. Amaya gaming group is the owner of giants in the industry such as Full Tilt Poker and PokerStars. Speculations have now moved to another Canadian gaming company, Intertain.
Both Amaya and Intertain are listed on the Toronto Stock Exchange and they stand as the holding companies for subsidiary brands. Subsidiary brands from Intertain include InterPoker, InterCasino and Costa Bingo.
Initially, speculation in the market were also suggesting that the Playtech group, specialized in gambling software would be interested by the deal. This rumor was further fuelled by the fact that the company had issued a €297m bond placement.
Intertain offers bingo, casino and poker games and its biggest business lies in its DC Comics superheroes themed online slots. They issued a trading statement some days ago which borne a noticeable resemblance to bwin.party’s own trading update several days ago. The company has for the time being neither denied or confirmed any rumors.
According to Intertain, strategic acquisitions are important aspects when it comes to the growth of a company and it terms of its strategy. And as such, they make it a must to engage in regular evaluations of any potential acquisition opportunity. They have also mentioned that from time to time these opportunities lead to discussions.