bwin Chairman "Wrongly Quoted" Over PartyGaming DealStatement Clarifies Hannes Androsch Quote To Austrian Magazine Saying PartyGaming Merger Talks Were Over |
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bwin today issued a statement to clarify a report at the weekend that indicated its merger talks with PartyGaming had come to an inconclusive end.
The statement, in full, said, "Today, an article appeared in the Austrian monthly journal ‘trend’. The authors commented on bwins ‘plans to merge with a competitor’. In this context, the Chairman of the Supervisory Board Hannes Androsch is wrongly quoted as saying: ‘It is true, that talks with the English company ultimately did not lead to the desired outcome.’ Hannes Androsch would like to clarify his statement as follows: ‘It is true, that up until now, talks have not lead to any specific outcome.’
As previously stated several times, bwin is currently holding talks with several potential partners in the online gaming sector on possible co-operations and/or acquisitions and will communicate any related agreement without delay. It is also correct that bwin, in the event that online gaming is regulated and liberalised in the US, is planning to enter the market together with a local partner and has already initiated talks to that effect. Hannes Androsch adds: ‘We are acting from a position of strength and are under no time pressure.’"
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