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

Thu May 21, 2015 5:38am EDT
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** 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 (