February 26 - Online gambling giants, Sportingbet and 888.com are keen to acquire European based online sportsbooks, such as Austria's BetandWin.com, in the coming year according to a recent report by Reuters.
The biggest online sportsbooks that operate in Europe other than Sportingbet that could be acquired include Unibet (Sweden) and BetandWin (Austria), and the main problem facing companies like 888.com and Sportingbet is that there aren't many more companies available to target besides the two mentioned above!
In fact, in a recent article published in a leading London newspaper a spokesman for Sportingbet said they would be interested in purchasing 888.com, the world's biggest online casino. That company is controlled by a single family, living in Israel, who have so far shown no willingness to sell their huge stake however, in a company currently valued at over $1 billion.
The online gambling industry is definitely in a process of consolidation, especially in online poker, where Sportingbet led the way by buying Paradise Poker in 2004.
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