Party Gaming, Harrah's, MGM looking to purchase smaller on-line sites

[Busted_Flat]

This item just popped up on Reuters UK.

LONDON (Reuters) - The heads of two of Britain's biggest online gambling firms have warned that their industry faces consolidation in the wake of the U.S. crackdown on Internet gaming, a newspaper reported on Tuesday.
Mitch Garber, chief executive of PartyGaming Plc. (PRTY.L: Quote, Profile, Research) , operator of the leading Internet poker site PartyPoker.com, told the Financial Times that his firm was interested in buying companies impacted by new U.S. legislation to end online gaming in the country, which was passed by Congress at the weekend.

"We are very focussed on mergers and acquisitions. I see our liquidity as being very attractive to smaller players who may not be able to survive on their own," Garber said.

He also forecast that the pace of consolidation would get faster, with MGM and Harrah's seen as likely to enter the stage.

Link to full story

Sorry is this has been posted in some other thread, but there is too much too keep up with here.