Partygaming (Party Poker) buys Empire Online for $40 Million

Posted by webmaster on 12/28/06 • Categorized as Tits and Poker

Party Poker made a surprisingly early withdrawl from the United States after congress passed the UIGEA on October 13th. As their stocks plummeted and approximately 80% of their business was wiped out after that, things were not looking good for the once largest online poker room in the world.

But things have been on the up for Partygaming and Party Poker since president Bush signed the UIGEA into law. Party Poker has seen an increase in real money players and revenues each month since the law went into effect.

In addition with Noam Lanir (owner of Empire Online aka Empire Poker) selling the rest of his shares to the once arch rival Party Poker, for $40 million, consolidation and stability are the trends on the UK Stock exchange for Partygaming.

Rumors have circulated that Party Poker plans on re-emerging into the U.S. Market, although there have been no official statements by Partygaming to validate this.

Party Poker and Partygaming offer some of the biggest online tournaments in the world. Partygaming also offers sportsbook, casino, bingo, backgammon as well. Learn more here