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PartyGaming acquires two more companies
PartyGaming, Plc. announced today that it had struck deals with Empire Online and Intercontinental Online Gaming to acquire their online gaming sites. The deals will cost approximately $66 million in shares.
"These acquisitions represent excellent value for our shareholders and are consistent with our strategy," said Mitch Garber, PartyGaming CEO.
The acquisitions will help replace revenue lost for PartyGaming when the company stopped accepting wagers from U.S. customers. According to Garber, the consolidation will also bring strong management and marketing skills to help the company accelerate it's promotional plans.
PartyGaming will pay for the deal by issuing 115.2 million new shares in the company. Through the deal, the company, which already owns PartyPoker.com, will acquire sites such as Noble Poker and Fair Poker as well as other online gambling sites.
The deal is expected to be completed on or around Jan. 19.
courtesy of Sarah Polson
News Added: 30 December, 2006
Number of views : 739
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Online Poker Site Of the Month |
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Online Casino of the Month |
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We have chosen Club USA Casino as our online casino Site of the Month. Club World Casino offers a whopping 100% to $777 bonus and accepts USA Players!.
The slots are fairly loose and we have had a good run on this site over the last month...
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Disclaimer:
People from thousands of jurisdictions access the internet. It is impossible for us to stay current with the laws of every jurisdiction. Please make sure that any activities you engage in online are legal where you live.
We have reason to believe that it may be illegal to gamble online in: Illinois, Indiana, Louisiana, Nevada, Oregon, South Dakota, Washington, Michigan, New York, New Jersey and Wisconsin. If you live in one of these states, we advise you NOT to gamble online. |
Poker News Today.com © 2005-2012 Internet Poker News
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