New Suitor, New Bid -- A new and unidentified suitor has outbid investment group PEIC Acquisition in what's become a two-horse race for Parlay Entertainment. The latest proposal suggests an acquisition price of between CDN $1.00 and CDN $1.20 cash for each common share of Parlay, topping PEIC's suggested price of CDN $0.95 per share. Parlay said this morning that the exclusivity period as outlined in its non-binding letter of intent with PEIC expires at 5:30 p.m., EST, adding that no agreement with either party had reached.
Buying In -- The London Times reports that Sportingbet Chief Executive Andy McIver purchased 100,000 shares in his company at 41p per share. On the LSE, shares in the operator were down 0.25p to 41.25
Buy Reco on Party -- According to CityWire.co.uk, Dresdner Kleinwort has put out a buy note on PartyGaming. Although the group's confidence in 2008 is encouraging, revenue for the fourth quarter of 2007 was lower than expected, the broker said. Analysts with Dresdner raised Party's EBITDA forecast 6 percent to $109.8 million from $107 million.
Quoteworthy -- "It was very frustrating, but apart from all the shit we had with not being allowed to race, it was a really nice team. The riders became good friends, and we had a great time together at races -- and we were successful. The best riders who did the bigger races together became a strong group, all really nice guys."
- From Gustav Erik Larsson in an interview with Pez Cycling News discussing among other things his time on the Unibet cycling team last season. Larsson now rides for CSC.
Stock Watch -- On the LSE today, Neteller was up 4.25p to 60.50, Ladbrokes was up 6.50p to 294.50 and Playtech was up 2p to 330.00.