Bloomberg reports that PartyGaming has been voluntarily having talks with the US Department of Justice about their activities before the UIGEA was signed last year. “…the world’s biggest Internet poker company said it has held discussions with the U.S. Department of Justice relating to its activities prior to October last year, when the country outlawed Internet gambling.”
PartyGaming is ” “voluntarily” responding to a request for information from the U.S. Attorney’s Office for the southern district of New York, PartyGaming said in a statement, adding that it’s too early to say what the outcome will be.”
““If PartyGaming can positively resolve this it will be good news for the share price,” because anxiety about legal issues has been “holding up potential M&A activity,” said Julian Easthope, an analyst at UBS AG in London. Potential acquirers and lenders are concerned about possible future legal action or costs related to past activity in the U.S., Easthope said.”
It would be nice to know what kind of information is trading hands in these talks and how far PartyGaming is willing to go…what kind of deals they are willing to make to ensure the price of their stock.
BF Games, an online casino provider, agreed to distribute its games with Belgian casino provider, Versailles Casino, as part of an agreement that the group believes is proof of the popularity of their games in the country. The deal stipulates that the online casino brand will increase its presence across the country, with 11 slots that will be available to the operator’s players. The agreement includes titles like Stunning 27, Stunning Hot, and Royal Crown.
Greentube further expanded its activities in Switzerland after partnering with Casino Luzern to distribute its portfolio of innovative casino content. The contents of the supplier's jackpots will be promoted through the platform mycasino.ch. According to the deal, games like Cash Connection - Charming Lady, Phoenix Fortune, Red Hot Burning Clover Link, Book of Ra Mystic Fortunes, all games from the popular Diamond Link series will be included.
Microgaming announced a crucial partnership with innovative and young casino brand, On Air Entertainment. With a group of a talented employees, the latter will create innovative live casino content that will change industry standards in the future. The rollout of new content is planned to start with a different customizable online casino game at the beginning of 2022.