Could Google making an online gambling group bid be a scary staff
News by a business journalist sent the price of the Bwin.Party?s stock soaring
A report pointing to rumors that Google, the online leviathan, is considering to acquire Bwin.Party Digital Entertainment, the online gambling group, proved enough to boost the share price of the gambling group late on Thursday when the news spread.
Geoff Foster from This is Money, the UK publication, set things rolling when he reported on the rumor. It resulted in the ailing stock price of Bwin increasing, regardless of the fact that there has not been confirmation from either company.
It has been reported by The Mail Online that there is a rumor of Google offering a 200p share cash offer, and that dealers overheard that Google may make a proposal before the online poker and casino games of Bwin are introduced to the market of the New Jersey state in November of this year.
Bwin.Party is among those applicants who strive for an online gambling license in New Jersey in partnership with MGM Resorts and Boyd Gaming and wishes to operate its intrastate enterprise in New Jersey under the Party Poker and Borgata brands.