9th of February 2011 Author: Ava Jackuard
Both companies denied reports on attempted purchase
Earlier this week, The Guardian, the UK newspaper, published a report that an attempt of Caesars Entertainment to purchase its UK software provider Gamesys was not successful as the latter was not interested in selling, however the entire story was denied by both parties on Tuesday.
Gamesys powers Caesars' UK online bingo sites and the two companies have built a strong collaboration primarily through the Interactive division of Caesars (formerly Harrah's).
The Guardian did not mention the purchase price, but industry experts assessed a fair offer would be cca GBP300 million in light of the fact that Jackpotjoy site in the ownership of Gamesys has over three million users.
This is not the first time that Gamesys has been mentioned in the context of prospective sales, as four years ago PartyGaming made a bid for GBP 200 million pounds, however due to the intervention of American anti-gambling legislation, PartyGaming gave up attempted purchase.
Bingo Software General Bingo News
12th of April 2012
11th of October 2011
12th of November 2018
11th of November 2018
9th of November 2018
18th of September 2018
16th of September 2018
18th of October 2018
21st of September 2018
Join now for full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
Disclaimer Contact Us Privacy Terms and Conditions Gambling Help About Us Site Map Trusted Portals
LatestBingoBonuses.com © 2006-2018
Enter your email adress:
T&C's Apply. 18+
Do not show this again
You have been successfully subscribed to receive LBB newsletter!