Party Gaming’s Interest in the Victor Chandler Group Confirmed

Party Gamings Interest in the Victor Chandler Group ConfirmedAmidst speculations and rumors that Party Gaming had its “corporate eyes” on the Victor Chandler Group, it has been confirmed that the online gambling conglomerate widely known for its Party Poker and Party Casino s is one of the three top candidates in the running for buying out the Victor Chandler betting empire. Now valued at over £300 million in total assets, the Gibraltar company has to now mull over the various offers with the help of the finance firm, Zeus Capital, who Victor Chandler originally hired to help evaluate the various offers to buy out the company, and how best to proceed in the negotiation stage.

Although both company’s would not confirm any talks had between them, the UK news publication, the Observer, claims that inside sources have confirmed that Party Gaming is a prime – if not the top – candidate for acquiring the Victor Chandler Group. CEO Victor Chandler himself is currently vacationing in the Greek Islands, and expected to be back in September, at which time negotiations would likely commence. Sources could not confirm who the other two bidding candidates were.

As for Party Gaming, they have slowly expanding their online gambling services, which not only include poker and online casino gambling, but backgammon, bingo, skill games, and sports betting. With their recent purchase of the Bulgarian sports bookmaker, GameBookers, for £69 million, Party Gaming completed their expansion full circle, which they are obviously now planning to broaden even more. Being licensed and regulated in Gibraltar as well, (not to mention a chief member of the Interactive Gaming Council), the feasibility of a Victor Chandler acquisition is looking very good.


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