partygaming - Internet Marketing News and Blogs

The Guardian is reporting today that online gambling group PartyGaming has closed its French website, without notifying investors.  One shareholder has offloaded around £50m of stock in the firm.

Meanwhile, John Anderson, the former chief executive of 888 Holdings, has been summoned for interview by the French authorities, prompting speculation that French authorities are about to crackdown on online gambling.

This in itself is prompting speculation that the French and American governments actually agree on something.

888 Holdings has confirmed it has held preliminary takeover discussions with unnamed third parties following reports that it is negotiating a merger with fellow online gambling firm PartyGaming.

The two troubled companies are in talks to create a £1.6bn business in a bid to rebuild after last month’s online gambling ban in the States, according to the Sunday Times.

The fallout from the US' move to ban online gambling has continued with the news that shares in World Gaming have been suspended.

Shockwaves have been sent through the online gaming industry after the unexpected approval of anti-gambling legislation late on Friday in the US.

The laws – the first in the States to deal specifically with internet gaming - ban banks and credit card companies from processing payments for bets placed over the web.