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AU $500 BonusAfter the announcement last week that PartyGaming have done a deal to merge with the Austrian gaming company bwin, there is some pressure on other big players in the field, such as 888, to look at takeover opportunities.
The PartyGaming merger has created the world’s largest internet gambling firm, meaning that other operations will want to strike deals so they are not left behind as online gambling laws are relaxed around the world.
888 operates online casino, poker and bingo sites. They announced this week that their operating income of US$61 million is unchanged from last year. Although there has been growth in the bingo market, this has only offset weaker trading in the poker side of the business.
Shares in 888 have lost half of their value since the beginning of the year, so it is to be expected they will be looking at every opportunity with regard to increasing the size of their business, by finding suitable partners and mergers.
Both PartyGaming and 888 are online gambling companies that are familiar to the many Australians who enjoy gambling online, although both companies only operate from bases outside Australian shores, due to online gambling legislation in the country.
