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Partygaming Eying Legal US Gambling
4/23/10 - Gibraltar-based online gambling operator Party Gaming is still apparently intent on entering the US market, should it become accessible legally, with its multi-million dollar settlement with the US Justice Department last July forming a springboard from which it may be able to develop partnerships with US companies.
This week the online gambling giant revealed to the Reuters news agency that it is talking to potential US partners with a view to re-entering what is still the world's largest online gambling market.
“We are certainly in discussions with a few parties on a number of different opportunities,” said Jim Ryan, chief executive officer at Party Gaming, adding the cautionary statement that the talks were still in the preliminary stages, and declining to identify with whom his company was negotiating.
“There is a list of suspects who one would expect us to be talking to, given that our focus is consolidating the online gaming sector,” said Ryan. “We are talking to a number of US entities about doing business with them when the US market regulates. It's positioned us for growth from a mergers and acquisitions perspective and, from an operational perspective, I think it's our ticket back into the United States.”
Ryan went on to say that he has been encouraged by recent moves in the US by Congressmen Barney Frank and Jim McDermott to overturn the Unlawful Internet Gambling Enforcement Act of 2006. The legislators have argued that the passage of their measures would generate tax revenues of about $42 billion over ten years.
“We're hearing rumours that we're going to get support from the [US] land-based operators for online gaming so it seems like momentum is building,” said Ryan.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
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