The board of World Gaming Plc has announced the acquisition of Sportbetting.com. The deal has been aided significantly by Barclays Plc who have provided a $40 million loan and a revolving facility of $5 million for the deal.
Betandwin has entered into takeover talks with sofware developer and owner of Pokerroom.com - Ongame. In a deal believed to be worth €500m, Betandwin are looking to become one of the largest gaming groups in the world.
Online gaming sector special interest group, Gambit has announced several high-profile appointments to its steering committee. The new appointments will hopefully aid Gambit in advising and guiding discussion on the future of online gaming.
The operations manager of GameAccount will be a guest speaker at a conference focussing on how they have successfully ‘Crossed Vertical'. That is, cross-promoting one’s own games as to maximise player spending.
After a recent slump in the share price of PartyGaming, the gaming giant has bounced back. With the threat of litigation from Empire Online now unlikely, the market has responded well to PartyGaming's financial outlook.