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.
iSoftBet has started a collaboration with a new member in the iGaming industry, MegaRush Casino. This agreement enables the young operator with access to over 8,000 casino games from over 65 vendors and the provider’s suite of over 170 slots which including its Megaways and Hold & Win games. MegaRush was established in October 2020, with a portfolio that includes various slots, table games, scratch cards, and live casino content.
Pragmatic Play finished the integration of its special live casino offering with the Mansion M88 casino less than two months after the deal was closed. With live streaming from a studio specifically designed to meet the needs of the M88, the provider's customers can now enjoy the flagship Pragmatic’s games such as roulette, baccarat, and speed baccarat, which are adjusted to work on various devices including mobile and desktop.
Oryx Gaming has been growing business rapidly across the Swiss market since the beginning of this month, this time through an agreement with Grand Casino Baden. Following an agreement with Grand Casino Luzern regarding its online brand mycasino.ch, Oryx will collaborate with jackpots.ch, which is the first licensed online casino operator in Switzerland.