Online Casino Operation Looking at Merger Possibility
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September 5 - The UK press has reported that highly-rated online casino
operation, Empire Online, is in negotiations with online betting group, Sportingbet regarding the possibility of a merger.
This development comes two months after Empire Online floated on the London
Stock Exchange (LSE), a clear indication of the popularity and desirability of
online casino and gambling stock. A per-share price of 270p is thought to
be on the table.
Empire Online owns and operates a succession of successful and lucrative online
gambling websites, and markets others on behalf of third party gambling
operations.
As part of Empire Online's continued growth, a new CFO has been appointed.
Andrew Burns will take the reigns as chief financial officer, replacing Yossi
Pereg who resigned for personal reasons.
Online gambling analysts foresee an increase in online gambling mergers and
acquisitions as the gaming industry continues to expand and become more
structured.
