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BUZZ-Bwin.Party: boosted by solid update, deal conclusion expectations

Reuters - UK Focus

** Online gambling co Bwin.Party up c.4 pct after solid trading update, & as co says it expects conclusion to takeover talks in 'coming weeks'

** Co reports better-than-expected Q1 margins, helped by careful cost management; revenue fell 6 pct YoY; Peel Hunt analyst Nick Batram sees nothing in the figures that "would frighten off any potential suitors"

** Co says discussions with suitors enter a new stage

** Bwin at centre of takeover battle between at least two bidders: smaller peer 888 & a partnership between GVC & Canada's Amaya (Stuttgart: 0AY.SG - news) (RM (LSE: RM.L - news) :aashika.jain.thomsonreuters.com@reuters.net)