PartyGaming – Transact Network Announces 4 New Executive Director Appointments*
Transact Network Announces 4 New Executive Director Appointments*
Deependra was instrumental in the successful growth of Party Gaming (now BWIN Party Gaming) as their Director of Transaction Services working with Party Gaming from start up through to their successful LSE listing. After leaving Party Gaming, …
Read more on PR Newswire (press release)
Online Poker Inches Closer To Legality
“It's no longer a question of if, it's a question of when it will be passed,” Jim Ryan, the co-chief executive of Bwin.party, which owns the poker site PartyGaming.com, tells the paper. Of course, he is biased. But he's not wrong. …
Read more on Business Insider
Question by lilam2006hotmail: did bush just signed legislation that causes partygaming to cease taking us customers?
Answer by Ly205
Last year there was a legislation passed by congress that doesn’t explicitly prohibit playing poker for money online, but puts more roadblocks to make it difficult to play. Most banks won’t allow you to directly deposit funds into a gaming site, but there are still a few ones that use a third party services to fund your account. Partypoker.com shut down its service to US customers to avoid any problems; also Doyle’s room, Paradise Poker, and pretty much everybody. However this rooms are still offering pretty safe gaming to US customers:
absolutepoker.com (I play there)
Visit my blog to get tips on hold’em http://www.pokerjaguar.com
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Two of the biggest name in the online industry has been reported to have been discussing merging. Bwin – an online betting company located in Austria and PartyGaming which is a giant in the online poker industry – have the hottest buzz in the news at present thanks to the sources as reported by The Times and Sunday Times.
High officials of the betting company said that they wanted to acquire a part in sector consolidation but they have been talking to a lot of people in the online gaming industry each day. However, they also said that they are not having a deal with PartyGaming.
In the case that the two companies will merge – it’s been commented by a lot of business experts that it will be a successful partnership – creating at least a 2 billion pounds industry. This is due to the fact that both companies are valued no less than one billion dollar each. The online betting industry that Bwin is an expert on will provide a very special sport betting scale and expertise to PartyGaming.
PartyGaming has been looking out for a company that can provide them with a strong product suite in the key egaming verticals of poker, casino and sports betting that Bwin can give excellently.
An informer told the Sunday Times the negotiations were still in an early stage. The informer also told the Sunday Times what Bwin co-chief executive Norbert Teufelberger and 888 boss Gigi Levy’s comments on the rumours of the Bwin-888 merge that was a buzzed on the past three weeks which is: “everyone in the industry is talking to everybody else”.
James Hollins of the securities firm Daniel Stewart commented that a merger of the said two companies is an “exceptionally strategically compelling” concept. PartyGaming will take advantage of the sports element that Bwin provides and Bwin will be gaining a lot from the other’s capacity in in-house casino.
Hollins also said that the merge will drive clear scale economies and liquidity being the fourth and fifth largest networks in the world and will have the power to face the giants in the US poker arena –Full Tilt and PokerStars.