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

** Online gambling co Bwin.Party up c.4 pct aftersolid trading update, & as co says it expects conclusion totakeover talks in 'coming weeks'

** Co reports better-than-expected Q1 margins, helped bycareful cost management; revenue fell 6 pct YoY; Peel Huntanalyst Nick Batram sees nothing in the figures that "wouldfrighten off any potential suitors"

** Co says discussions with suitors enter a new stage

** Bwin at centre of takeover battle between at least twobidders: smaller peer 888 & a partnership between GVC & Canada's Amaya (RM:aashika.jain.thomsonreuters.com@reuters.net)