Possible Sale For PartyGaming

PartyPoker whose parent company is PartyGaming was among the first to take the lead in conforming to the UIGEA that was passed into law. PartyPoker took steps to make sure that players from the United States would not be able to gamble on their site.

But it was soon after PartyPoker took these steps that an announcement was made which stated that the publicly traded UK stock, PartyGaming, took a huge hit. Meaning, their stock prices hit rock bottom and their revenue followed. It was reported in August 2007 that shares in the company were showing at 22.75 pence which is considerably low for this once booming company.

What is left for PartyGaming? Maybe more then you might think. There are apparent talks of a possible sale of the company. PartyGaming is making themselves open to talks with Las Vegas based companies.

At this point though, PartyGaming is not confirming any of these rumors. In fact, PartyGamings’ CEO Mitch Garber refused to discuss the situation during last week’s EIG 2007 i-Gaming conference. No specifics where given in regards to this matter and there was no confirmation that there are any talks at all with any companies for a sale of PartyGaming.

But, according to a report by Financial Times, there are three companies who are interested in talking about a purchase. The Bellagio, The Mirage, and 888.com could very well be prospective buyers.

But for right now, no one is speaking of any details. While no one at PartyGaming has confirmed a sale, no one has denied it either.

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