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14/03/2024 5:26 pm
Entain, the FTSE-100 gambling business that controls Ladbrokes, has started preparing PartyPoker for sale to thwart activist investors.
Sky News reported on March 12 that as part of its efforts to restore its core activities, Entain has recruited bankers to negotiate a sale of PartyPoker. Company sources have revealed that Oakvale Capital advisers are allegedly in the process of negotiating the sale of the online poker firm. Prices ranging from £150 million to $192 million have been bandied about for the sale.
It is a good move from Entain. PartyPoker is a non-core for the company anyway.
It is my dream to become a bookie. It came true with the help of PPH services.
26/04/2024 4:57 pm
Any news about this? Last I heard was DraftKings and MGM were interested. Its just quite odd to see PartyPoker being sold and not have it being fought over- I do remember the days when PartyPoker was THE most known online poker product.
Thanks to my bookie pay per head I'm working from home, and can travel anytime (let me know where to!)
