Feeds

Poker sites hold merger talks

Surviving the US ban

The Power of One Infographic

Partygaming and 888 Holdings, which runs poker and casino sites, are in talks about a possible merger.

Both listed companies have watched their share price collapse after the US government banned them from providing services to US citizens.

A statement to the London Stock Exchange says: "The board of 888 notes the recent press speculation and confirms that it has had various preliminary discussions with third parties following suspension of its US activities.

"There can be no certainty that these discussions will proceed to an offer being made for the company or indeed any other action."

Gambling and gaming websites are desperately searching for ways to survive after the US government effectively removed the vast majority of their customers. Share prices in the sector have collapsed so consolidation or takeovers from private equity is very likely.

Meanwhile, the UK's own cheerleader for gambling in all its glorious forms Tessa "the Don" Jowell said last week the US laws are like Prohibition - when the US banned booze. Jowell said the outright ban would create the equivalent of speakeasies - the illegal drinking dens of the 1920s.

The Department of Culture, Media and Sport, and Gambling is hosting a conference this week on the subject. ®

Boost IT visibility and business value

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
HP and Microsoft prove it again: Big Business Doesn't Create Jobs
SMEs get lip service - what they need is dinner at the Club
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
prev story

Whitepapers

Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.