PartyGaming Eyes Chandler's Empire

As reported by the UK Times: "PartyGaming, the online gambling group, is thought to be the front-runner in the race for Victor Chandler's Gibraltar-based betting empire.

"The Victor Chandler Group is the latest gambling company that the online poker and casino giant is understood to be weighing up, as it prepares to spend the £500 million war chest that it raised on flotation last year.

"This month PartyGaming entered the sports bookmaking market with the acquisition of the Bulgarian-based Gamebookers for £69 million. However, its appetite for acquisitions is far from sated and it has been linked with several other betting firms, including Victor Chandler's group, which is thought to be worth about £400 million…"

2006-08-21