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PartyGaming Acquires Empire Online and Intercontinental
Saturday, December 30, 2006
LONDON, England -- As reported by the (UK) Guardian: "PartyGaming today snapped up the gambling assets of its smaller rivals Empire Online and Intercontinental Online Gaming for $66.3m (£33.7m)
in shares.
"The acquisitions will add Empire's Noble Poker and Club Dice casino websites to PartyGaming's stable, as well as Intercontinental's Fair Poker, Magic Box Casino and Miss Bingo sites.
"The two deals are expected to be the first in a wave of consolidation in the wake of US anti-gambling legislation passed in October.
"...Mitch Garber, PartyGaming's chief executive, had previously made it clear that the company was on the prowl for smaller targets following the US crackdown..."
PartyGaming
| PartyGaming is the biggest online gambling operator in the world. After going public with an initial evaluation of over $8 billion dollars, the company has continued to be successful. PartyPoker, PartyCasino and now PartyBackgammon are all part of the PartyGaming portfolio. |