Key Takeaways
- bwin.party’s shares rose over 8% after a trading statement announced that the network was the market leader in New Jersey.
- The New Jersey mobile app for iOS is ready to launch pending regulatory approval.
- A £50m revolving credit facility has been set up with the Royal bank of Scotland—to be used for general costs.
- After 3 years Chairman Simon Duffy has achieved his own objectives and has decided to step down in May next year.
In its latest trading update, bwin.party has announced a £50m revolving credit facility with the Royal Bank of Scotland, giving a welcome jolt to its share price.
The borrowing facility shows their banker’s confidence, but the price rise may have had more to do with the news that the partypoker/Borgata network now leads the New Jersey regulated market.
