Partygaming and 888 in potential merger talks
After both 888 (Pacific Poker) and Partygaming (Party Poker) announced that they were pulling out of the US market, due to the new legislation, their share prices both tumbled. Ever since, the companies have been in turmoil, trying to find a way to survive without 75% or more of their player bases. It was inevitable that after the law had passed the market would need to evolve in order to keep on top of the game. One part of the evolution was mergers and takeovers that were just bound to happen. Two of the largest public gaming firms, 888 and PartyGaming have been in merger talks in recent days. They have also said further discussion will take place in the next few weeks. Other companies have also been taking part in similar talks, including Sportingbet, parent company of Paradise Poker.
For more information please read the article about Gaming site mergers in the Timesonline.