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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 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

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Gambling News :

William Hill Chairman Not Stepping Down - There are no plans for Gareth to step down. He is leading the CEO search process, which is well advanced, and is working with Philip Bowcock to deliver the key priorities for the business.

Canadian Lottery Looking at Online Gambling - The reaction of other provinces is not known, but the Newfoundland and Labrador government was apparently less than enthusiastic about the prospect, which it did not regard as a priority.

Red Riding Hood Online Slot Launched - The game, which has already attracted much preview interest, is part of the developers Fairytale Legends series, which the company plans to expand with further titles in 2017.

Super Heroes Slot Launches - When the feature is triggered, two of the heroes appear on each side of the screen to boost winnings. During free spins, heroes are triggered on every spin, with their super powers growing stronger each time.

SIS Stream To Deliver racing games to online customers - Online and retail betting industry provider SIS has signed a multi-year deal that harnesses the power of its SIS Stream product to deliver 49s-branded racing games to online customers.

Playngo in Deal With Betclic Everest Group - Swedish online gambling games developer Play’n GO has signed an agreement with the Betclic Everest Group that will see its full suite of games rolled out across the French group’s online casino brands.

2016 Italian Poker Tour main event in Malta - After besting a field of 775, many of them respected aces, Austrian poker pro Ismael Bojang claimed the main prize of Euro 101,940 over the weekend in the eighth edition of the Euro 1,100 buy-in Italian Poker Tour main event in Malta.

Betradar in Deal with OPAP - Sports betting data and analytics provider Betradar has inked a live betting supply deal with the major Greek licensed retail and online gambling operator OPAP.

2016 888poker Make It Big Tournament - A relatively unknown Hong Kong poker player, Ka Him Li (21), claimed victory after a two-way chop in the main event at the inaugural 888poker “Make It Big” live poker festival at the Aspers Casino in London over the weekend, earning the top prize of GBP 45,300.

Lightning Box Games in deal with WIlliam Hill - Sydney-based slot design specialist Lightning Box Games has signed an agreement to supply its content to William Hill’s licensed betting offices in the UK.

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