A few short weeks ago, the Bwin.Party shares took a dive and in the span of three short days, lost close to a third of their value. The stock price took a major hit with the passage of some highly unfavourable German gambling legislation and suddenly, we were all once again reminded of the dangers and vulnerability of public gaming companies to the whims of governments.
We asked the poll question “Will Bwin.Party shares top its April 1 merger price before 2012?” We had planned to have some light-hearted fun at the expense of anyone who voted “yes” to this poll but then out of nowhere Black Friday hit and shook up the industry.
Initially “No” votes had a 16-1 advantage and were getting ready to put anyone who had said “yes” on blast. But with the Black Friday fallout, Bwin.Party Shares actually shot up and the voting scales also started to tip. Here are the actual and final results of the poll.
Will Bwin.Party Shares top its April 1 merger price before 2012?
Interestingly enough, this is one of our first polls in which we have a split decision. 50 percent of voters said “Yes” and 50 percent said “No.”
Given the fact that prior to Black Friday “no” had a 16-1 advantage it appears many now believe that in the wake of Black Friday, Pwin shares will benefit greatly.