PartyGaming Buys Gambling Web Sites to Add Revenue
Dec. 29 (Bloomberg) — PartyGaming Plc agreed to purchase gambling Web sites from Empire Online Ltd. and Intercontinental Online Gaming Ltd. to help replace revenue lost when the company was forced to stop accepting wagers from the U.S.
Related Gambling News:
- PartyGaming bans access to Turkish sites
- PartyGaming to Buy Rival Web Sites
- PartyGaming buys sites amid allegations
- PartyGaming to buy Empire, Intercontinental Online
- Empire Online sues Partygaming
- PartyGaming First-Half Profit Rises on More Customers
- Web Gambling Sites Raise Stakes in Europe as U.S. Enforces Ban
- Move by Congress Forces Online Gambling Sites Out of US
- Poker sites hold merger talks
- PartyGaming folds on Empire deal
- PartyGaming Buys EmpirePoker.com for $250 Million
- PartyGaming frontrunner to buy Victor Chandler
Gambling history facts:
- In 1911 US legislation prohibited stud poker but ruled that draw poker was a game of skill and therefore was not illegal.
- In Paris, legislation prohibiting playing cards was passed in 1377, and in Italy, playing cards and dice were burned.
- Gambling became legalized in Vegas in 1931 by Mayme V. Stocker and J.H. Morgan who was issued Clark County Gaming License No. 1.
- In 1911, the state of California ruled that "draw" poker was a skill, and thus could not be banned under existing anti-gambling laws. However, "Stud" poker was still considered illegal at the time.
RSS feed
