Shares in European bookmaker bwin lost value yesterday after Credit Suisse advised selling rather than waiting to see if takeover talks succeed, reports ft.com.
Germany is bwin’s largest market, comprising around a quarter of the company’s business. If the country enforces its current gaming regulations, the bookmaker’s German-facing business “could be largely unviable” said Credit Suisse.
Shares in bwin fell by six per cent to 85.2p on Wednesday, recovering to 87p during early trading on Thursday.
Bwin has been the subject to sale rumours for some months, with William Hill, GVC Holdings and Amaya all rumoured to be interested.
