Bwin Expected to Increase Revenues with Acquisition of Italian Online Poker

Bwin, an Austrian-owned gambling operator, is on the move to acquire an Italian online poker site, Gioco Digitale.  This move is said to bring more profits into Bwin's coffers, and even before this acquisition, Bwin's share has already risen from 7% to €29.10, the highest of which was seen in the latter part of July.

A Good Move

This bold move by Bwin has impressed analysts and investors alike, especially since Bwin's stock value increased since last Monday.

The only thing that Bwin wants to share right now is that the transaction to get a hold of Gioco Digitale is on its final stages, but as for the rest of the details, Bwin decided to keep mum on the issue.  [Read][more...]