The rumors may have been true at one point,
however, it looks as if they did not come to fruition now that PartyGaming has
publicly announced they have no interest whatsoever in buying out the Victor
Chandler online casino and betting site. Party Gaming Chief Executive Officer,
Mitch Garber, made these sentiments known during a conference call with
reporters who were not only speculating that Party Gaming had the eyes of their
vast online gambling empire on Victor Chandler, but also on World Gaming, which
could give rise to a bidding war if enough gambling conglomerates were to get
involved.
Considering that Sportingbet Plc. already has
expressed sincere interest in World Gaming, and that Party Gaming has been on a
recent spree of gaming company buyouts (just last month Party Gaming acquired
GameBookers), the probability of a bidding war taking place between the two
casino gambling giants is great, although the likelihood of both companies being
interested in World Gaming to begin with is not nearly as favorable.
This has turned out to be the case regarding the
Victor Chandler Group, who may not even want to sell out at all now that their
online betting site is doing better and company expansion into new markets such as mobile
casino gambling and internet poker is looking profitable. Zeus Capital was
originally hired to help Victor Chandler mull over potential offers and
determine the company's worth. While there is still considerable interest from
other gambling company's, Party Gaming would have indeed been the most prime
candidate considering they have capitalized on over $500 million since their
flotation on the London Stock Exchange last year.
Mitch Garber adamantly denied any interest in
Victor Chandler, stating that there is not even a possibility of an acquisition.
He also denied that Party Gaming would not enter into a bidding war, whether
that be over World Gaming or any other online casino and gambling property. What
Garber did affirm, however, is that Party Gaming's recently acquired Game
Bookers online betting site is performing beyond expectations.