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Merger on the Cards of Major Online Casinos
 November 10, 2006, 12:23 pm (5 years ago)The Gibraltar-based firms are two of the biggest victims of the Unlawful Internet Gambling Enforcement Act (UIGEA) which effectively makes internet gambling illegal.
Online gambling groups Partygaming and 888 Holdings are in talks about a possible merger according to reports.
PartyGaming has since pulled out of the U.S., but Chief Executive Mitch Garber has said the changes are, ' a golden consolidation opportunity for Partygaming'.
PartyGaming has declined to comment on the report. 888 was not immediately available for comment.
The Sunday Times reported executives from the two companies - which would have a joint market capitalization of almost 1.6 billion pounds ($3 billion) - expected to hold further talks in coming weeks as gaming firms consider options to combine their online pool of players.
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