PartyGaming and 888 hold 'early' merger talks

31.10.2006, 23:47

PartyGaming and 888 hold 'early' merger talks

Executives from PartyGaming and 888 Holdings have held preliminary talks over a possible merger, with more planned in the near future, according to reports. Experts predict that the companies would have a market value of £1.6 billion if they were to merge.

Parlay and Chartwell merger terminated
Parlay Entertainment and Chartwell Technology have terminated their already postponed merger plans, citing market uncertainty due to the passing of the United States' Unlawful Internet Gambling Enforcement Act. Parlay's shares dropped by 19 per cent after the announcement.

Betfair launches Russian football probe
Betfair has launched an enquiry into suspicious betting patterns surrounding a Russian football league match between FC Luch-Energia Vladivostok and FC Tom Tomsk. The betting exchange's integrity division was alerted after an estimated £800,000 was taken on Luch winning, which was over a 'hundred times' what would normally be bet on such a match.

01.03.2007, 15:24

Harrods Online Casino Closes

Harrods Casino, the online casino division of the world famous department store in Knightsbridge, London, has closed its virtual doors this morning, citing regulatory uncertainty.

The casino was operated by Kismet International, and its CEO, Manu Gambhir had this to say: “Harrods Casino performed well and became known as the preferred casino for many VIP players. While we are disappointed to see Harrods exit the online casino business, we respect its decision which was made in light of the uncertain regulatory environment in the online gaming industry. Kismet will continue to operate www.redloungecasino.com, as well as launch additional casinos.”

Harrods casino had a relatively short, but successful lifespan in the industry, attracting many exclusive and VIP players looking for a slice of London’s most upmarket lifestyles.

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31.10.2006, 23:47	#1 (permalink)
LeviBrawn Beiträge: n/a	PartyGaming and 888 hold 'early' merger talks Executives from PartyGaming and 888 Holdings have held preliminary talks over a possible merger, with more planned in the near future, according to reports. Experts predict that the companies would have a market value of £1.6 billion if they were to merge. Parlay and Chartwell merger terminated Parlay Entertainment and Chartwell Technology have terminated their already postponed merger plans, citing market uncertainty due to the passing of the United States' Unlawful Internet Gambling Enforcement Act. Parlay's shares dropped by 19 per cent after the announcement. Betfair launches Russian football probe Betfair has launched an enquiry into suspicious betting patterns surrounding a Russian football league match between FC Luch-Energia Vladivostok and FC Tom Tomsk. The betting exchange's integrity division was alerted after an estimated £800,000 was taken on Luch winning, which was over a 'hundred times' what would normally be bet on such a match.

01.03.2007, 15:24	#2 (permalink)
Adedstertard11 Beiträge: n/a	Harrods Online Casino Closes Harrods Casino, the online casino division of the world famous department store in Knightsbridge, London, has closed its virtual doors this morning, citing regulatory uncertainty. The casino was operated by Kismet International, and its CEO, Manu Gambhir had this to say: “Harrods Casino performed well and became known as the preferred casino for many VIP players. While we are disappointed to see Harrods exit the online casino business, we respect its decision which was made in light of the uncertain regulatory environment in the online gaming industry. Kismet will continue to operate www.redloungecasino.com, as well as launch additional casinos.” Harrods casino had a relatively short, but successful lifespan in the industry, attracting many exclusive and VIP players looking for a slice of London’s most upmarket lifestyles.