1. By continuing to use the site, you agree to the use of cookies .This website or its third-party tools use cookies, which are necessary to its functioning and required to achieve the purposes illustrated in the cookie policy.Find out more.
    Dismiss Notice
  2. Dismiss Notice
  3. Follow Casinomeister on Twitter | Facebook | YouTube | Casinomeister.us US Residents Click here! |  Svenska Svenska | 
Dismiss Notice
REGISTER NOW!! Why? Because you can't do diddly squat without having been registered!

At the moment you have limited access to view most discussions: you can't make contact with thousands of fellow players, affiliates, casino reps, and all sorts of other riff-raff.

Registration is fast, simple and absolutely free so please, join Casinomeister here!

Playtech to license new PG acquisitions

Discussion in 'Casino Industry Discussion' started by jetset, Jan 2, 2007.

    Jan 2, 2007
  1. jetset

    jetset Ueber Meister CAG

    Occupation:
    Senior Partner, InfoPowa News Service
    Location:
    Earth
    PLAYTECH LICENSES PARTY GAMING

    A fast start to a promising year....

    The news that Party Gaming is to acquire Empire Online and Intercontinental Online Gaming - subject to shareholder approval - has been followed with a statement from online casino and poker software developer Playtech that it has concluded a long term agreement with Party for the continued use of its software to run the newly acquired gaming websites.

    The firm said the agreement will come into effect after Party Gaming completes the acquisition of both businesses and assets from, and will be in exclusive force for 4 years.

    Chief executive of Playtech Avigur Zmora said his company's software will compliment Party Gaming's existing products and provide additional sources of revenue.

    The Party Gaming acquisition deal in late December (see previous InfoPowa reports) involved the acquisition of Internet assets from Empire Online for GBP19.2 million, and those of IOG for around GBP14 million. Party Gaming said at the time that the two deals would help increase its earnings by more than GBP4 million this year.

    The changes in U.S. gambling laws and total ban on internet-based betting financial transactions in that country have severely affected Party Gaming and it is now using the merger and acquisition route to build up its business in other regions.
     
    2 people like this.

Share This Page