Playtech Licenses Party Gaming
Published: Tuesday, January 02, 2007 Online-Casinos.com
PLAYTECH LICENSES PARTY GAMING
A fast start to a promising year....
The news that Party Gaming is to acquire Empire Online and Intercontinental Online Gaming - subject to shareholder approval - has been followed with a statement from online casino and poker software developer Playtech that it has concluded a long term agreement with Party for the continued use of its software to run the newly acquired gaming websites.
The firm said the agreement will come into effect after Party Gaming completes the acquisition of both businesses and assets from, and will be in exclusive force for 4 years.
Chief executive of Playtech Avigur Zmora said his company's software will compliment Party Gaming's existing products and provide additional sources of revenue.
The Party Gaming acquisition deal in late December (see previous Online-Casinos.com/InfoPowa reports) involved the acquisition of Internet assets from Empire Online for GBP19.2 million, and those of IOG for around GBP14 million. Party Gaming said at the time that the two deals would help increase its earnings by more than GBP4 million this year.
The changes in U.S. gambling laws and total ban on internet-based betting financial transactions in that country have severely affected Party Gaming and it is now using the merger and acquisition route to build up its business in other regions.
An old favorite brought back under a new software brand, U.S. friendly.
Use just one account to access poker, sports book and casino gaming.
Excellent number of high-quality games and great support.
Nice sign-up and on-going bonuses with fast cash withdrawal processing.
Good selection of fun games including some new, innovative games on offer.
Huge sign-up bonus with reasonable wagering requirements and an excellent look and feel.
New players receive an insane 200% bonus up to $1000 free on both their first and second deposit.
New players offered up to $888 free in sign up bonuses, a special bonus available for blackjack players as well.
