On Friday shares in online betting firm bwin.party fell by 25% on the London Stock Exchange after a rumor circulated that a planned buyout by a third party failed.
The large drop saw bwin's share price fall to as low as £78 before the price eventually recovered a bit to £83.55. Bwin has been the subject of takeover rumors since last year, and a company spokesman came out and discussed the matter in an effort to do damage control. The Spokesman said that industry regulations require bwin to release a statement if negotiations fail, and that no such negotiations have fallen through.
Casino Listings will update this story as more developments arise.