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PARTYGAMING US SETTLEMENT IN SIGHT

Party Gaming spokesmen have declined to comment, but as the week ended there was more than a frisson of excitement on the London market as rumours circulated that the online gambling group has reached a settlement in its negotiations on its pre-UIGEA situation with the US Department of Justice.
 
The continued attraction of online gaming stocks was illustrated by the positive reaction to the rumour, which saw partypokerleading industry companies benefiting from share price increases - Party shares climbing 16 percent, Sportingbet 20 percent and 888.com nearly 8 percent.
 
PartyGaming began negotiations with the Justice Department in June 2007 (see previous InfoPowa report) as industry concern spread over possible legal action against Internet companies that took bets from Americans before a 2006 law barred financial transactions with online gambling companies.
 
Any settlement by Gibraltar-based PartyGaming would be "material'' and would "give people a better idea what they were worth if they were open to acquisition,'' Mark Brumby, an analyst at Blue Oar Securities in London told Bloomberg business news.
 
"The rumour going around is that they've [Party Gaming] settled with the U.S. Department of Justice,'' CMC Markets trader Claire Collingwood informed Bloomberg.
 
As we went to press there had been no clarification from Party Gaming



Gambling News :

What are the best casinos to visit in Europe to play poker? - There are many reasons why we travel. Sometimes we are simply bored of our regular surroundings and we decide to take a weekend break

3 Top Bitcoin Poker Sites - Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.

Kentucky Derby Odds: Justify still Favorite - With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.

$40,000,000 guaranteed Partypoker Powerfest - $40,000,000 guaranteed POWERFEST schedule released. 6th-20th May, 366 events, 13 events with $1,000,000+ guaranteed

888Poker Takes Over the States - With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?

Top gambling ICOs to watch this year - The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.

MPN Poker Tour Bratislava Results - Alex Hendriks Wins Inaugural MPN Poker Tour Bratislava Main Event and €27,000

MPN Poker Tour Bratislava | Day 2 - It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.

MPN Poker Tour Bratislava Day 1B - Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today

MPN Poker Tour Bratislava Day 1A - The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.

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