July 5 - Talks between online bookmaker Sportingbet regarding a possible
takeover of fellow online bookmaker, Bwin, have ended amicably after both
companies failed to agree on complex online gambling legalities and regulations.
Discussions between the two online sports books first came to light in March
this year, after UK-based Sportingbet approached Austrian-based Bwin to
discuss a possible takeover bid in the highly lucrative online gambling market.
Many large online gamblers operators have turned to mergers and acquisitions as
a clever way of replacing large revenues lost after US Congress passed its UIGEA at the end of last year, effectively banning online gambling
in the US.
However, many online gambling executives are understandably reticent about
potential mergers and acquisitions considering the online gambling 'witch hunt'
US authorities have embarked on, resulting in many arrests in the US and Europe.
Another case in point.
In April of this year, discussions between Ladbrokes Plc, the world biggest LSE-listed
bookmaker, and enormous online gambling firm 888 Holdings Plc also ended after
six months of talks and negotiations.
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