The online betting group admitted to be behind the offer approach for the entire issued capital of Empire Online, the company which provides to Sportingbet\’s rival Party Poker a third of its players.
Investment bank Morgan Stanley suggested “If the contracts are easy to break, then Sportingbet will very quickly be able to direct players to Paradise Poker and its casino sites.”
However, Sportingbet said talks with Empire were at a very preliminary stage and there was no guarantee that they would lead to an offer.
Sportingbet said talks with Empire were at a very preliminary stage and there was no guarantee that they would lead to an offer.
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