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Party and 888 Merger

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  • October 29, 2006 at 6:15 pm #598427
    Anonymous
    Inactive

    http://www.thisismoney.co.uk/investing-and-markets/article.html?in_article_id=414154&in_page_id=3

    Party Poker owner PartyGaming and 888 Holdings have reportedly held preliminary discussions about combining their pool of online players, which has been drastically reduced by the removal of the American market.

    October 29, 2006 at 6:31 pm #713878
    Anonymous
    Inactive

    Yep, that’s what I hear.

    Makes sense for them to do under the circumstances.

    But only if they truly give up on the US permanently.

    Which Party said they wouldn’t?

    October 30, 2006 at 11:45 am #713940
    Anonymous
    Inactive

    There’s also a rumour that Ladbrokes are looking at acquiring 888 too. They have publically stated that they are examining the possibility of acquisitions following the UIGEA passing.

    October 30, 2006 at 1:04 pm #713951
    vladcizsol
    Member

    Both would be very wise to seek out buyers while they still have a sliver of market value left. Over time their market shares will continue to shrink and their deficit incomes will continue to balloon.

    They are trapped in a self imposed death spiral.

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