Party Poker for Sale?

OMFGWTF · #1 10-10-2007, 05:11 AM

Does this mean they've given up on the poker game?

http://www.ft.com/cms/s/2/8c50231a-7...0779fd2ac.html

[ QUOTE ]

PartyGaming, the UK-listed online poker firm, is open to approaches from Las Vegas-based casinos regarding a sale, said its chief executive officer Mitch Garber.

Speaking in a one-to-one interview at EIG 2007 i-Gaming conference, Garber said the Gibraltar-based group with a market cap of GBP 1.23bn (USD 2.5bn) would like to hear from the major players in Las Vegas. Garber refused to comment as to whether the company was already in talks with a particular casino and remained tight-lipped as to potential main suitors.

Previously reported rumours mentioned 888.com as a possible buyer. An 888 source refused to comment.

An analyst said casinos such as The Mirage and The Bellagio could be interested. ”Online gaming is currently prohibited in the US. However PartyGaming is listed in the UK where EU legislation allows online gaming. It gives the casinos direct online access to the UK market,” the analyst said. When asked about the two casinos, a PartyGaming source said they were interested in holding talks with them.

PartyGaming’s share price today was 31.50p.

The company’s website says its shareholders include Deutsche Bank with 3.7%, Orbis Investment Management with 4.9% and Prudential with 3%.

[/ QUOTE ]

RikaKazak · #2 10-10-2007, 05:52 AM

This would be awesome if the Bellagio or some american company bought PP.

I think a Bellagio owned PP would have a 10x better chance of having poker 100% legalized, with legit neteller alternatives etc.(yes I know it's legal everywhere but washington state but you know what I mean)

GOGOGOGO BELLAGIO!!!!!!!!!!!

LucidDream · #3 10-10-2007, 06:05 AM

Bellagio = MGM. It's really just a matter of time before poker gets regulated and MGM and Harrahs open online casinos. Who knows whent this will happen though.

okietalker · #4 10-10-2007, 06:06 AM

Sounds promising

Luisgallo · #5 10-10-2007, 06:06 AM

I actually said that from the real beginning, I think I also posted it here somewhere.

I always thought there was an agreament between the law makers and the big casinos, they were seeing their core business in danger and they probably realized it was too late to open thier online website.

This is the cheapest solution for them!

I am pretty sure with a US company behind with huge connection such as MGM Mirage online poker in US will be legalized soon.

LucidDream · #6 10-10-2007, 06:10 AM

Yea, makes sense for MGM/Harrahs to pool together and get the govt to shut down online gaming. Then US companies come in and buy out all the sites and their customers at a discount, then magically the govt decides to regulate it and MGM and Harrahs have a virtual monopoly on online gaming.

luckyjimm · #7 10-10-2007, 06:19 AM

I heard it's being bought by ANDY BEAL for a COOL MILLION

Confirm/deny?

mrjetguy · #8 10-10-2007, 06:21 AM

[ QUOTE ]
I heard it's being bought by ANDY BEAL for a COOL MILLION

Confirm/deny?

[/ QUOTE ]
confirm

NNNNOOOOONAN · #9 10-10-2007, 06:53 AM

if an American casino were to buy PP, would Bellagio be the most likely choice?

if not, which one?

AKoffsuit · #10 10-10-2007, 07:16 AM

Good news maybe the US government will make a exception tax party poker and allow Americans to play at party legally with
and use neteller to transfer money to party poker