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Party Gaming To Acquire GameBookers

Business, 2006-07-02, by TwoGun

Party Gaming, the company that owns Party Poker, currently has poker, casino, and backgammon (the most famous of is poker). It is now seeking to add a sports betting site to its line of products.

It is widely speculated that Party Gaming will soon acquire Gamebookers, an online sportsbook focused on the European market. Party Gaming will not accept sports betting wagers from US residents, so it makes logical sense for it to acquire a European-focused sportsbook.

Party Gaming has taken out a $500 million loan to fund the acquisition. It is not clear what the final price of the sale will be.

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