PartyGaming Bwin Takeover Rumors: Everest Revenue Down 19 Percent

Online poker news for August 19, 2011 has PartyGaming Bwin as a possible takeover target while the online poker network Everest continues to witness a drastic decline in revenues. 

Bwin.Party became the world’s largest online gambling company after the two companies merged back in March.  Rumors of an entry into the US market have prompted news that Wynn Resorts might be interested in taking over the firm.  The UK’s largest bookmaker, William Hill, has also been linked to a potential takeover of Bwin.Party. 

Its share price has plummeted 45 percent in recent weeks while the company’s marquee brand, PartyPoker, is in a fight with the Playtech-owned iPoker Network to be the world’s number two most trafficked Internet poker site.  PokerStars is currently the largest. 

Meanwhile, Everest Poker reported this week a decline in revenues by 19 percent.

- Aaron Goldstein, Gambling911.com