By Rocco Havel | March 8, 2007

Rumors had been swirling in the online gaming industry that Sportingbet had been approached with a buyout offer. Yesterday, the company confirmed those rumors, saying that it is, in fact, being courted.

The suitor appears to be Bwin, which operates the Ongame Network (PokerRoom.com, HollywoodPoker.com). The supposed preliminary offer of 65p per share is a 24 percent premium over Wednesday’s opening price. The stock has reflected the speculation, jumping 15 percent Wednesday and another 5 percent Thursday.

Sportingbet has said it will detail more information to the public at a later date.

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