Las Vegas Sands move in the online gambling market is a positive sign
Mitch Garber, Chief Executive of PartyGaming, said he was unfazed by the
threat of Las Vegas casino operators stepping into the online gambling
market in Europe. "It's a very positive sign for our business and should be
for our stock," he said. Garber also commented on PartyGaming's appetite for
mergers and acquisitions. "We will continue to pursue deals that are
accretive and can add either management or product expertise to any of our
operational lines, and we will be pushing further into new territories as a
main and key objective of M & A and in our organic business plan," he said.
Dresdner Kleinwort, PartyGaming's company broker, reduced the share price
target from 56p to 50p, while Swiss broker UBS upgraded its advice on the
online poker operator to 'neutral' from 'reduce'.
threat of Las Vegas casino operators stepping into the online gambling
market in Europe. "It's a very positive sign for our business and should be
for our stock," he said. Garber also commented on PartyGaming's appetite for
mergers and acquisitions. "We will continue to pursue deals that are
accretive and can add either management or product expertise to any of our
operational lines, and we will be pushing further into new territories as a
main and key objective of M & A and in our organic business plan," he said.
Dresdner Kleinwort, PartyGaming's company broker, reduced the share price
target from 56p to 50p, while Swiss broker UBS upgraded its advice on the
online poker operator to 'neutral' from 'reduce'.
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