Lorne Abony, Chief Executive of FUN Technologies, said that after the deal with Liberty Media his company will have more than $60m in cash which it intends to use on acquisitions.
Robert Winslow, an analyst at Wellington West Capital Markets, said the deal will leave FUN Technologies “in great, great shape.”
He suggested that the company might use its fattened balance sheet to acquire one or two of its main competitors on the skill gaming market, WorldWinner or GameAccount.
Elsewhere in the gambling sector, London Clubs International closed the day almost 4% higher after revived talks of an upcoming 155p per share cash bid from 29.8% Malaysian shareholder Genting.
Genting also holds 11% of Stanley Leisure and there has been talk before that it could use it to instigate a merger between the two companies.
PartyGaming gained 6%, and for the first time in almost three months went back above 100p, after the company shrugged off news that Empire Online was planning legal action following failed bid talks.
The online gambling sector should receive a further boost next week when Sportingbet unveils a first-quarter trading update expected to exceed forecasts.
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