The Austrian bookmaker has entered into a Memorandum of Understanding with the online poker developer and owner of poker website Pokerroom.com regarding a possible acquisition.
BetandWin, which is advised by Dresdner Kleinwort Wasserstein on various aspects of the transaction, did not provide the terms of the deal, but media reports revealed the acquisition could be worth up to EUR 500 million.
Charles Hall, an analyst with Panmure Gordon, said this deal “reinforces the theory that the major listed players are firmly in pole position to dominate the industry as others will choose to sell rather than float.”
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