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

Online Casino Gambling --- Casino News

Consolidation Begins in Industry

Analysts in the online casino gambling industry have predicted for several years now that the internet gambling industry would begin to see some significant consolidation efforts by the end of the decade. The huge global recession that impacted many of the companies likely slowed the process down a bit, but now that the economy is slowly beginning to recuperate the consolidations, acquisitions, and mergers are beginning to take center stage in the industry news. Online casinos have experienced a boom in the past several years that couldn’t go on unchallenged forever. As the industry expanded a plethora of little gaming sites and companies have fought their way into the market. Now though, the time has come for less companies to exist on the playing field; several of the largest online gambling companies in the world have announced that acquisitions are a big part of their 2009 growth strategy.

The industry news has several headlines lately that confirm what the online casino analysts have believed would occur – once the recession passed and businesses were on a steady and level ground the bigger companies would begin to aggressively take over and assimilate some of the smaller brands into their portfolio of offerings. PartyGaming is a prime example of this situation. PartyGaming has been unable to really enter into new business deals until the US situation was concluded. Now that it is, the speculation is swirling that PartyGaming is making a move to acquire GigaMedia and all of Giga’s online casino and poker brands.

Additionally, news out of the Irish online sports betting market confirms that Paddy Power’s subsidiary, Sportsbet, is taking over control of the prominent International All Sports Limited brand.