Casino News: Victor Chandler Not in the List Says PartyGaming
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Victor Chandler Not in the List Says PartyGaming September 12, 2006, 5:28 pm (5 years ago)By declaring it has no interest in the acquisition of online gaming firm Victor Chandler Group, the world’s largest gambling group, PartyGaming, has snubbed the rumors made earlier in the summer.
In a statement released through AFX, PartyGaming chief executive Mitch Garber told reporters via a conference call that “PartyGaming PLC has no interest in acquiring Victor Chandler's Gibraltar-based betting empire.” After it built up a £500 million ‘war chest’ following its floatation last year, PartyGaming had became known as the front runner to get hold of the Victor Chandler Group, just under a month ago. “No. Definitely not. My comment regarding Victor Chandler is very clear,” Garber firmly dismissed the idea when questioned by journalists. Garber would be unwilling to enter into a bidding war in this or any other potential acquisition, told the conference. His remarks were pointed specifically at assumption that PartyGaming could enter into the race for World Gaming, which is in beginning talks with Sportingbet Plc. “I’m always reluctant to get into a bidding war, and it’s not at the front of my list,” he said. Sports betting business Gamebookers, which PartyGaming purchased for £69 million last month, was over-performing, Mitch Garber confirmed. The how to do it always comes to a person who thinks he can do it!
1. Smac Flower
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