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BUZZ-Bwin.Party: deal hopes re-emerge

Reuters - UK Focus

** Online gambling co Bwin.Party claws back some of its recent hefty falls, with traders citing reignited hopes for a deal to buy the co as M&A activity in the sector hots up

** Bwin shares up 4.6 pct, in relatively robust volume at around 2/3 of the 90-day daily avg

** In November, Bwin said it was considering a range of proposals from interested parties

** Late last wk, shares in co fell sharply, with various press reports suggesting deal hopes had been quashed

** But, according to a Wall Street Journal article citing people familiar with the matter, Canada's Amaya Gaming is still in talks regarding the acquisition of co or parts of it

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** Amaya (Other OTC: AMYGF - news) last yr bought the outfit behind online gambling sites PokerStars and Full Tilt Poker

** Increasing tax & regulation across the gambling sector's biggest markets has meant cos have begun to seek faster growth & more customers through online operations

** Online gambling co 888 slumped 11 pct on Monday when William Hill (Other OTC: WIMHY - news) takeover talks collapsed over price (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net)