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.

Tight Poker Staff

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Tight Poker Staff

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For nearly two decades, we’ve provided the best in class for poker site reviews, top online poker bonuses, strategy tips, poker news, and exclusive free poker content.  Consisting of a team of poker and gambling experts, we deliver the best online poker brand experience for players of all levels, from the fish to the sharks.
For nearly two decades, we’ve provided the best in class for poker site reviews, top online poker bonuses, strategy tips, poker news, and exclusive free poker content.  Consisting of a team of poker and gambling experts, we deliver the best online poker brand experience for players of all levels, from the fish to the sharks.