Online Casino Open to Approaches
UK-listed online casino, PartyGaming.com, has announced that it is open to approaches from Las Vegas-based casinos regarding a sale.
The announcement came from the company’s Chief Executive Officer, Mitch Garber, in a one-to-one interview at the sixth annual European Interactive Gaming Congress and Expo (EiG) in Barcelona.
He stated that the Gibraltar-based group would like to hear from the major players in Las Vegas but refused to comment as to whether the company was already in talks with a particular casino and remained tight-lipped as to potential main suitors.
The company has a market cap of $2.46 billion and previously reported rumours mentioned 888.com as a possible buyer. Many industry analysts believe that casinos such as The Mirage and The Bellagio could be interested as online gaming is currently prohibited in the US. However, PartyGaming is listed in the UK where European Union legislation allows online gaming and this would give any buyer direct Internet access to the UK market.
When asked about the two casinos, a PartyGaming source said that they were interested in holding talks with them.
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Party Gaming open to approaches