The British group PartyGaming has recently announced that its online casino was examining the takeover offers submitted by brick and mortar casinos in Las Vegas.
Following the application of the UIGEA law in the USA in October 2006, groups such as PartyGaming and 888 have seen an overnight collapse in their profits, which are down by three-quarters.
Mitch Garber, boss of the online gambling giant PartyGaming, has confirmed that he was “in discussion” with major Las Vegas groups with a view to a possible buyout. The Bellagio and Mirage casinos are thought to be amongst the interested parties, and the names of the Vegas Sands, Harrah’s Entertainment and Wynn groups have also been mentioned.
It should be mentioned that prior to the ban, PartyGaming was the world’s biggest online casino with an estimated value of more than €15 billion !
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