Game News - A Fructuous Deal Between Playtech And PartyGaming?

Game News - A Fructuous Deal Between Playtech And PartyGaming?

   Good news is that the above rhetorical question almost spilled the beans over what could be but of course, has a long way ahead until it becomes a certainty. However, one thing is certain: Tuesday's got to be considered a prosper day for Playtech Ltd., as the well-known gambling software developer has just signed a four-year licensing agreement with online poker service PartyGaming PLC., which recently began acquiring several websites.

   For the time being, the anticipated financial details of the deal are yet to be disclosed, but it has reached the public ear that the current agreement follows PartyGaming's announcement last week that it will buy some businesses and assets from both Empire Online Ltd. and Intercontinental Online Gaming Ltd, therefore the licensing agreement signed yesterday remains subject to the awaited completion of the prior transaction.

   The gaming websites being acquired by PartyGaming counts NoblePoker.com, Clubdicecasino.com, EnterCasino.com, MissBingo.com, FairPoker.com and MagicBoxCasino.com. Further analysis on London Stock Exchange indicates the fact that PartyGaming shares were boosted to 32.22 pence each, which is "approximately" 63 U.S. cents or 49 euro cents.

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