Bwin.Party Share Price Rises on Hopes of Company Split
Published on:
Jul/31/2013
Bwin.Party shares shot up Tuesday on news that the online gambling firm is considering a split.
More specifically, the Financial Times reported that Bwin.party was “working on a plan to spin off its unregulated operations into a separate company.”
Bwin.party is looking to aggressively take on the US market. They have already inked a deal with Boyd Gaming to run Atlantic City’s Borgata’s online poker site.
Bwin.party stock rose 3.9 percent on Tuesday to close at 135.9p. This is the firm’s best performance in nearly three months.
- Aaron Goldstein, Gambling911.com
