Sunday, June 29, 2014

Bwin.Party Might Be For Sale Soon

The CEO of Pala Interactive LLC is Jim Ryan.  He was formerly Co-CEO of Bwin.Party. Bwin.Party Online Casino Said to Weigh Possible Sale

By Christopher Palmeri  Jun 26, 2014

Bwin.Party Digital Entertainment Plc, (BPTY) a pioneer of online gambling, is considering selling some or all of the company as part of a strategic review, two people with knowledge of the matter said.

The Gibraltar-based company, a partner in New Jersey’s new online betting market with Borgata Hotel Casino & Spa, hired Deutsche Bank AG (DBK) to consider its options, said the people, who requested anonymity because the matter isn’t public. The company will decide within two months, one person said. In a statement today, Bwin said it has no plans to break up or sell the company.

The discussions follow a share drop, a change in board leadership and a disappointing start to online betting in the U.S. A new threat emerged this month when PokerStars, the world’s dominant poker website, agreed to be sold in a deal that could hasten its re-entry to the fledgling U.S. market after an absence of several years.

Read More Here --> Bwin.Party Online Casino Said to Weigh Possible Sale

Chairman Robert Smith, Chairman of the Pala Band of Mission Indians, Pala Band of Luiseno Indians, Pala Band of Luiseno Mission Indians of the Pala Reservation, is monitoring your comments.  He is going to track your IP address and "take action" against any tribal member posting comments he does not like.