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Stocks in the UK’s largest bookmaker surged Monday on news that William Hill was considering a merger with the world’s largest real money online poker room, PokerStars.
Stock gains as much as 6.5 percent, the single biggest growth since August 9.
The transaction “would create the largest global online gaming business,” James Wheatcroft, an analyst at Deutsche Bank, said in a note. “We think the deal could lead to significant cost savings,” estimated at about 100 million pounds.
- Aaron Goldstein, Gambling911.com
