Home	Tutorial	Online Casino Reviews	Best Online Casinos	Casino Software	Casino News

Online Casino Gambling --- Casino News

Online Casino Group Seeking

PartyGaming is a pretty prominent name in the international online casino gambling industry – the company has a solid reputation and a fair share of the European gaming market. In recent weeks, PartyGaming got a pretty big boost in recognition now that the company has finally settled up with the US on the company’s pre-UIGEA activities. Although there will be a pretty hefty sum paid out to the US government, the issue is now over and the book is closed in this last chapter of the seemingly never-ending debacle concerning the US’ UIGEA offshore ban on foreign online casinos. Coming out on the other side of this issue is the news that PartyGaming is a frontrunner for taking over GigaMedia.

Giga announced earlier in the month that the company was up for sale and have taken professional financial counseling to assist with the process. In just the past several days the industry has been alight with rumors that PartyGaming is aggressively pursuing this potential acquisition. Expansion within the online casino gambling industry has been a solid focus of the online casino gambling group for some time now but the ongoing situation with the US government prevented the company from actually pursuing any of the mergers, acquisition and partnership deals that have occurred over the past two years.

Now though, PartyGaming is seriously considering the acquisition of the GigaMedia online casino gambling group. Giga operates the popular and lucrative Everest Poker gaming brand through a subsidiary that would also be a part of the deal if it goes through. At this point the deal is in the beginning stages and there is certainly no clear indication of whether PartyGaming will accept the price set for Giga and acquire the company and all of its products, services, and brands.