Top Online Casino Companies Discuss Possible Merger

In response to the new online gambling legislation passed by the United States government, two of the largest online casino companies met to discuss a possible merger. PartyGaming and 888 are discussing a share merger that would amount to a combined market capitalization of around $3 billion dollars.

The possible union between the two companies illustrates how online casino companies have been forced to alter their approach after legal factors in the United States have caused a break-down in share-prices for the two.

PartyGaming is better known for its dominance in the US online poker industry. They have always received most of their profits from US players. The company has informed shareholders they will take an estimated $250 million loss exiting the US market.

888, however, has a more diversifed casino portfolio. Their products and services appeal to a wider audience and depend less on US revenues. Their share price drop has been less exciting.

After repeated calls, neither company was available for comment Sunday evening.

October 29, 2006
Posted By Larry Rutherford
Staff Editor, CasinoGamblingWeb.com    Previous Page | Internet Gambling | Top Online Casinos | Submit News!