Is PartyGaming Chasing Betfair?

Published: Friday, October 07, 2005 Online-Casinos.com

IS PARTY GAMING CHASING BETFAIR?

One giant after another....

The UK and Australian press has carried speculative articles this week that internet poker and online casino giant Party Gaming may be pursuing a takeover bid on betting exchange leader Betfair.

It sounds an unlikely development, given PartyGaming's shares hammering recently, and Online-Casinos.com has not been able to obtain confirmation of the story so far.

The reports suggest that Party Gaming will bid around GBP 800 million for Betfair, which was recently named (see previous Online-Casinos.com and InfoPowa reports) as the seventh fastest-growing technology company in Britain, and rumoured to be about to launch a high value IPO on the London stock exchange.