Posts Tagged ‘partygaming’

A Casino Merger In The Works?

Tuesday, February 9th, 2010

While there have been many whispering and murdering for several weeks now, the final word has still not been given as to whether the online casino powerhouse companies to bwin and Partygaming card going to join forces. Speculation has run wild across the entire market of online casinos. The talks right now involve these two companies merging together to form one enormous poker, sports betting and Internet casino operator. This particular operation could be worth as much as $4 billion. This would make both of these powerhouses combine into one on an unbeatable entity. This could usher in a brand-new phase of business for the world of online gaming. The possible impact that this could have a substantial.

If PartyGaming and bwin were to merge into one single company, that operation would be able to control right around 15% of the entire European market of online casinos. That would be an unprecedented level of control and command. All other rival Internet casino operators would have a very hard time competing against such a formidable opponent. Right now bwin is the largest operator in the European Internet gambling market, controlling a respectable 8%. Partygaming controls 6.3%.

With so many countries liberalizing their laws and regulations for Internet casino operating, the control of this particular market could mean a highly profitable situation for the potential operation. But it is still too early to determine just what when or if this particular merger is going to go through. All we can do at this point is wonder.

PartyGaming & Bwin Talk Merger

Friday, January 29th, 2010

It has come as quite a shock to many people within the inside of the industry devoted to online casinos but it seems that there’ve been a number of discussions about a possible merger between two of the most successful and biggest Internet gambling operations in the entire world. It seems that the top people from party gaming and win, pulled online casino powerhouses in their own right, I’ve been involved in talks about merging to create one giant Internet casino, sports betting, and poker operation. This could result in a huge $4 billion entity that would shake up the online gambling market in every possible way. Rival in the casino operators are taken aback by the news of this particular potential occurrence and there are obviously very threatened by what this could mean to their own revenue.

All that the people from win have been willing to admit at this point is that the talks are ongoing. Nothing has been set in stone and everything is still at the very preliminary stages of development. Their number of important considerations that need to be carefully investigated and researched for both companies before they can move ahead with this idea. For fans of online casinos, it is not yet quite clear what this could mean for them.

They are researching the competition and trying to determine if this would end up being a profitable endeavor or not. What this could mean for the Internet gambling industry is that the other, party gaming and win would be able to control no less than 15% of the entire online casino market within Europe. That would be quite a powerful position to hold in one that might cast doubt smaller operations in the business as time goes on.

WPT Bought Up By PartyGaming

Monday, November 23rd, 2009

Even though times have been hard for the industry of online casinos, many operations are still up and running as strong as ever. No one on the online casino market has suffered as many different hardships and challenges in recent months and years than PartyGaming though. And that is what makes their most recent business venture so commendable and admirable. It takes a lot of strength and foresight to have been able to hold onto as substantial a position in the internet casino business as the people who run the show at PartyGaming have been able to do. They have had to contend with the United States Department of Justice and some other assorted legal and financial battles that would leave any other comparable company up a creek without a paddle.

But PartyGaming once again has decided to show the rival operators of online casinos how it is done by going so far as to buy up the World Poker Tour Enterprises Inc. This maneuver shocked a great many people in the casino business because everyone is well aware of the fact that PartyGaming is still working hard to build back up the company to the level that it had at one point in time been able to reach. And now that it is in control of the WPT brand name, the sky is the limit in terms of where they can take this venture.

This business deal also includes the rights to the clubWPT subscription poker offering. That has already bee built up into a formidable operation in its own right with more than 16,500 paying customers who reside all over the country in some 37 different states. This may seem like a lot for the folks from PartyGaming to handle at this particular juncture but if any casino business can pull this off, it is PartyGaming.

WPT Brand Bought By PartyGaming

Wednesday, November 18th, 2009

Big things are finally in the works for the online casino powerhouse company PartyGaming. Although the company has been inundated with financial woes and legal battles over the course of the last couple of years, they are doing their best to put the scandals behind them to move forward in new and exciting directions. It takes an awful lot of ingenuity and pluck to make a real name for yourself among all of the different operators of online casinos that are out there on the market today, and PartyGaming has never been known to be a slouch in this particular aspect of the business. Their latest business venture has been to acquire the World Poker Tour Enterprises Inc.

This was a huge development that captured the attention of many big movers and shakers in the world of online casinos. The World Poker Tour is a huge brand name in this business. Many internet casino fans look forward to this fabulous and super entertaining competition for months ahead. The sale set the gambling company back by about $12.3 million. That is not including an additional aggregate payment that amounts to $3 million that will be paid out over the course of the coming three years.

That is all part of a special rev share agreement that was reached between the two parties in this deal. This business deal serves to bring together two of the biggest and most widely recognized names in the online casino gambling industry. With these two forces combined into one intense effort, there is no telling how powerfully and how swiftly they could come through to dominate on a major level.

PartyGaming Secures WPT Brand

Tuesday, November 10th, 2009

While times have been hard for the online casino gambling powerhouse PartyGaming on a number of different levels, the company is taking all of this adversity in stride and keeping their eye on the prize. There is no question about what that prize entails. They want to be a dominant force among all of the different operators of online casinos on the market. They have long been able to hold onto their prime position as one of the ultimate and widely respected leaders in the casino gambling market despite a few major hiccups along the way. They have battled the United States Department of Justice and had their founders go down in a blaze of glory.

But now they are doing everything in their power to turn over a new leaf and to take a stronger and even more commanding position in the business realm of online casinos. This time their efforts have led them to acquire the WPT Enterprises Inc. This sale involved a huge quantity of money. The deal was estimated to involve no less than $12.3 million. That is not counting the minimum aggregate payment of an additional $3 million over the course of the coming three years that is part of a special share agreement that was reached by concerned parties.

This purchase is packed with some formidable elements including the World Poker Tour brand name and all of the rights to land-based casino events that end up being associated with the World Poker Tour. The sky is the limit with how lucrative this skillful maneuver could end up being for PartyGaming and that is just what they want right now.

Dikshit Sells Off All Shares

Wednesday, October 21st, 2009

It seems that Anurag Dikshit, the notorious founder of the online casino empire PartyGaming has decided to leave this world all behind. This came as a dramatic and slightly unexpected decision since his whole life was devoted to online casinos in a number of ways. But he decided to leave his company and ended up selling his full stake that he had invested in the company. This came out to a considerable chunk of change because even though PartyGaming has managed to come upon some rough times financially in recent months and years, the company is still one of the heavy weights for internet casino gambling in many parts of the world.

Dikshit had originally indicated that he would be soon making the move to sell off at least two thirds of his 28% stake in the PartyGaming stock. His stated intention was to bring a focus closer onto his charitable work that he has going for himself in the South Asian region. This is an interesting development for sure for anyone out there who has been following the ups and downs of PartyGaming and the market of online casinos in general.

Dikshit was fined $300 million and had to plead guilty to charges under the US Wire Act (from 1961 or so). Since Dikshit made his initial announcement to let go of two thirds of his stock, he subsequently decided to offload every single penny of it and just make a clean break so that he could move on with his life. It will be interesting to see what kind of an impact this move has on the casino gambling industry as a whole.

Bwin Ranked First For Egaming Power 50

Tuesday, September 29th, 2009

In the industry of online casinos, it takes an awful lot to be ranked at the top of the class. There are so many online casino, sports betting, poker and bingo sites out there that it is quite easy to get lost in the shuffle. But there are certain key things operators can do to make sure that their casino sites stand out above and beyond the rest. One gambling operation that is worth checking out to see just how they do things is Bwin. It was just recently announced that the wildly popular online gambling site managed ot get the best of rivals such as Betfair and PartyGaming to become the number one casino operator in eGaming’s Power 50 leading operators.

This is not the sort of recognition that can just be shrugged off as some sort of fluke. This is the real deal for the business of online casinos. For the top ten ranked operations of this past year, there were not too many surprises. One of the newer faces in the industry, Magas Gaming managed to score a spot in the top ten alongside a rejuvenated William Hill. But no one was any match for Bwin since the company’s earnings before depreciation, tax, interest and amortization was marked at 40% for halfway through this current year.

Some of the components that managed to give this online casino company an edge over its nearest competitors were its savvy football sponsorships of the Spanish Primera and Segunda leagues. Plus, they waged many a battle against the numerous monopoly efforts within the European region and this caused them to be quite a force to be reckoned with in a variety of ways. PartyGaming was still able to come in second place and that is still a remarkable feat considering the incredibly bumpy road that particular internet casino company has gone down in recent months.

PartyGaming Purchases Cashcade

Saturday, July 25th, 2009

It seems that the future of Cashcade, one of the major movers and shakers in the industry of online casinos and bingo halls, is now finally secure. After battling many different rumors that hinted that the online casino gambling company would be purchase by several different companies, among them 888.com, the wguessing game is officially over. It seems that the mastermind of the latest business deal in this case is PartyGaming.

After coming through relatively unscathed after its searing and long drawn-out legal battle with the United States Department of Justice, PartyGaming is working its way back up to the top of the crop among online casinos and operators. You may be only moderately familiar with the name Cashcade, but if you are a hardcore online casino or bingo fanatic, then surely you are familiar with popular sites such as Get Minted and Foxy Bingo. Those are brought to you courtesy of the people at Cashcade.

PartyGaming is seeking to gain some further standing in the industry by going through a series of elaborate and high-scale acquisitions that will increase its already sizable hold on a substantial portion of the casino gaming industry’s future. The buyout of Cashcade was reportedly in the ballpark of about 100 million pounds.

PartyGaming was required to make a down payment of no less than 75 million in order to get the deal to go through. The remainder of the payment will be delivered after a performance review takes place over the course of the next two coming years. This is positive news for the Independent News and Media publishing company that has struggled to remain afloat during these challenging economic times.

Broadcaster Five Ups The Ante

Thursday, June 25th, 2009

After securing a sweet business deal with the likes of PartyGaming, one of the titans within the industry of online casinos, it seems that Broadcaster Five is charging forward into the future of gaming. They have taken an active interest in the field of digital media and are making quite an impression on the realm of online casino gaming sites with their Demand Five. The company has already secured some impressive deals with the likes of the Euro telemillions operator Netplay. Their role with this particular organization is exciting since the interactive casino gaming company produces a series of live daily draws.

Broadcaster Five has recently upped the ante in terms of what their reach in the business of online casinos extends to. Now in the works is an awesome new premium online casino and bingo gaming website. The schedule has been set in place and it seems as though this casino venture will be heading onto the internet sometime later on this year.

Five has been busy looking and exploring any and all possible opportunities to expand its scope and offering to connect to more and more casino gaming fans and take advantage of this incredibly successful, lucrative and thriving industry. Who could blame them? Everyone wants to get in on such a good thing.

Broadcaster Five has sought to build up their core broadcast content in new and exciting ways and it is just a matter of time before it will pay off in a big, big way. They are known in the industry for producing enjoyable and dynamic gaming experiences and this is just the beginning of many great things to come.

PartyGaming Charges Ahead

Saturday, June 6th, 2009

The folks at PartyGaming don’t ever seem to quit pushing the envelop and creating new opportunities in the world of online casinos. The company has made a remarkable comeback since its legal battle with the United States Department of Justice. After paying out millions of dollars, the company is back on track and seems to be doing better than ever. Their shareholders have been paying attention to this in addition to many other eager investors the world over so their stock shares have risen up dramatically over the course of the last few months. Now the clever casino people at PartyGaming are coming out with an amazing new selection of some 13 brand new games to excite and thrill their loyal legion of online casino players.One of the top new draws among this group of casino games is a Frank Sinatra slots game. Old Blue Eyes is sure to reel in a staggering number of eager fans of online casinos who will not be able to get enough of this highly specialized themed slots game. It is set up as a five-reel game that comes with a cool 20 separate pay-lines so there are tons of chances for you to earn oodles and oodles of money.

The game also comes with a sensational feature that lets you write music for the Sinatra Big Band to play. How many other casinos can offer this caliber of entertainment? My guess is that they are few and far between. We are very lucky to have PartyGaming here and working hard to test the limits of what is possible for internet casinos to accomplish.

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