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Online Casinos Making Plans

Speculation is high right now in the online casino gambling industry in regards to GigaMedia’s earlier announcement of plans to either sell the company or merge with another internet gambling group. As that news set in there have now indications that GigaMedia and PartyGaming are in talks. These two online casinos are rival gaming companies and it really does behoove PartyGaming to actively pursue the option of acquiring this major rival brand and turning it into a positive piece of the huge PartyGaming enterprise. Naturally, this is a bit early in the game to assume that the deal is anywhere close to actually happening, but analysts in the industry note that that this move falls right in line with PartyGaming’s announced corporate growth strategies for the year.

PartyGaming has just concluded some lengthy negotiations with the US government concerning the online casino gambling group’s US actions prior to the UIGEA. For years now the negotiations have been ongoing and have actually hampered the internet gambling group from entering into new partnership deals and mergers with other online casinos – no one else in the industry wanted to even touch PartyGaming until the US negotiations were concluded and a final settlement figure was reached.

Now that all of the negotiations are over, PartyGaming is still hugely viable in the international online casino gambling market – GigaMedia has some really top-notch internet gambling interests and holdings valued at roughly $63 million. Right now, PartyGaming has not really commented on the possible deal in the works with GigaMedia – the gambling group has only noted that the company is looking at a wide range of expansion and consolidation options within the online gambling industry.