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Party Gaming reportedly holds talks with rival Gigamedia
According to reports in the UK newspaper, The Times two well established and substantial online gambling companies may currently be in discussions. Gibraltar-based Party Gaming plc and the Nasdaq listed GigaMedia group are named in the report, which notes that earlier this month Gigamedia flagged an interest in selling or merging.
The Times article reveals that Gigamedia, which has a market value of $363 million (GBP 246 million), may have hired Goldman Sachs, the investment bank, to find a buyer for the whole company or simply its respected Everest Gaming and Everest Poker brands.
Party Gaming, which this month settled a $105 million legal dispute with the US Department of Justice (DoJ), is among a small number of parties thought to be negotiating with Gigamedia. PartyGaming has noted in the past that one of the advantages of putting the threat of US prosecution behind it is the enhanced ability to engage in M&A and capital raising activities.
When approached on the news, Party Gaming, which is said to be eyeing a number of possible deals, declined to comment on the Gigamedia talks, although a spokesman said: “We have made it very clear we believe the industry will consolidate and we will look at opportunities as and when they arise.”
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
NBA Odds: Wizards-Celtics at the Garden -
The Washington Wizards are making this a series. They’ve won back-to-back games against the Boston Celtics to knot this second-round matchup at 2-2 with Game 5 at the Garden on Wednesday. TNT has the coverage starting at 8 PM ET.
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