Popular Online Gambling Site for Sale

November 12, 2007

PartyGaming.com has often been considered to be one of the most popular online gambling sites around. People like their games and their site, and the announcement that they are looking to possibly sell came as a surprise and blow to many.

The online gambling site is listed in the UK, but has announced that they are “open to approaches” and are looking to Las Vegas to see if they can get a good offer from the US. They said that they would like to see some of the major players in Las Vegas give it a go, and there is some speculation that they may have already been approached.

When asked, Mitch Garber, the company’s CEO, said that they would like to hear from them but refrained from answering if they had been approached yet. He made the announcement of the sale at the 6th Annual European Interactive Gaming Congress and Expo in Barcelona last month.

The company is a well known online gambling site and has a market cap of more than $2.46 billion. There were rumors of other sites such as 888.com looking to buy them, but this does not seem to be the case. There has also been talk of The Mirage and The Bellagio possibly purchasing the site as it would give them access to a whole other group of gamblers.

As online gambling is prohibited in the US, this would give them a strong foothold in the UK, as that is where PartyGaming is licensed. The site said that they would like to speak with the two sites if they were interested.



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