Betting-News (englisch)

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A busy week for Poker related stocks? Deutsche Bank initiated coverage of PartyGaming last week with a Buy recommendation and a 175p price target. Citigroup, meanwhile saw some logic in PartyGaming buying Empire Online.

Sportingbet's shares, however, fell back somewhat last week, when UBS said that the valuation currently afforded to the company fully priced in strong growth trends. At the same time UBS give a positive nod in the direction of Betandwin and GamingVC.

By way of contrast Deutsche Bank initiated coverage of BETandWIN with a "sell" rating, stating that the expected liberalization of the European online betting market, will usher in new players and serve to intensify competition in the company's core markets.

IG Group is well advanced regarding its plans to develop a binary betting platform covering sports betting. Betfair, meanwhile, has launched a new betting product called Exchange Poker.

Consolidation amongst the second liners continued apace last week, with the news that Trident Gaming, the privately-owned betting group, had acquired Gamebookers, the European online bookmaker. How long before Rank, the owners of BlueSq mop up the minnows such as BetInternet? Shares in World Gaming, meanwhile, continue to rise of the back of hype and hope!

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