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Potential Acquisition of Betfair?

, 2005-09-28, by TwoGun

Party Gaming is a very large, publicly traded company that is part of the FTSE 100 index. Its most famous firm is Party Poker, the largest online poker room.

Party Gaming currently just owns poker, casino, and bingo sites. However, it is rumored to be considering the acquisition of Betfair, the largest online betting exchange.

Betfair is a very popular site among Europeans for wagering on sports and other events. It's not a sportsbook because the players wager against each other, with Betfair just taking a commission when bets are matched.

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