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PartyGaming Acquires businesses and assets
from EOL & Intercontinental
Posted: February 28, 2007
As of January 2007, PartyGaming resumes the acquisition of certain businesses and assets from both Empire Online Limited ('EOL') and Intercontinental.
Online Gaming Limited ('Intercontinental'), Playtech (AIM: PTEC) announced that the Company has entered into a new long-term software licensing agreement with PartyGaming. This agreement is subject to the successful completion of the above stated acquisition that is currently seeking shareholder approval from EOL.
Under the terms of the four-year agreement, the online gaming websites currently operated by EOL and Intercontinental will remain exclusively on the Playtech software platform. These websites will continue operating as usual and will also provide the added advantage of cross-selling opportunities to the current PartyGaming player database, which is quite ample.
The online gaming websites operated by EOL and International that are being acquired by PartyGaming include NoblePoker.com,
Clubdicecasino.com, EnterCasino.com, MissBingo.com, FairPoker.com and MagicBoxCasino.com. In addition to this, PartyGaming will have access to the full range of Playtech's casino, poker and bingo products.
PartyGaming is the biggest online gambling operator in the world.
After going public with an initial evaluation of over $8 billion dollars, the company has continued to be successful. PartyPoker, PartyCasino and now PartyBackgammon are all part of the PartyGaming family.
Playtech is one of the leading gambling software manufacturers in the online gambling world and is the software of choice by many players as well as for many well-known and popular online casinos.
Playtech, which was founded in 1999, has over 250 personnel located globally. Eighty percent of these personnel are engaged in research and development of current and future gaming technologies.
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