Possiable 888 and PartyGaming Merger
Two of the largest online gambling groups, Partygaming and 888 Holdings are in talks about a possible merger according to fresh reports from two UK financial newspapers.
These Gibraltar-based gaming firms are two of the biggest victims of the (UIGEA), Americas new 'Unlawful Internet Gambling Enforcement Act' which effectively makes internet gambling illegal in the US and has forced 888 and PartyGaming to withdraw from the US online gambling market.
Mr Mitch Garber, PartyGaming Chief Executive has said that "the recent changes are a golden consolidation opportunity for Partygaming".
The UK Sunday Times reported that executives from 888 and PartGaming are expected to hold further talks in coming weeks to consider options on how to combine their online pool of players.
PartyGaming and 888 holdings have declined to comment.
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These Gibraltar-based gaming firms are two of the biggest victims of the (UIGEA), Americas new 'Unlawful Internet Gambling Enforcement Act' which effectively makes internet gambling illegal in the US and has forced 888 and PartyGaming to withdraw from the US online gambling market.
Mr Mitch Garber, PartyGaming Chief Executive has said that "the recent changes are a golden consolidation opportunity for Partygaming".
The UK Sunday Times reported that executives from 888 and PartGaming are expected to hold further talks in coming weeks to consider options on how to combine their online pool of players.
PartyGaming and 888 holdings have declined to comment.
Click here for Casinos
posted by Glenn at Tuesday, October 31, 2006
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