Party Poker shopping itself to US casinos
Related Articles
According to a report published recently in the Financial Times, one-time online poker leader Party Gaming is openly soliciting purchase offers from US casino interests. The article quoted Party Gaming CEO Mitch Garber, who confirmed that his company was interested in talking to US companies about a potential sale but refused to comment on any current negotiations.
The move isn’t terribly surprising to industry watchers, who have speculated that Party has been preparing itself for sale over the last year. More interesting is the potential impact that the purchase of Party by the Bellagio or the Mirage, both potential suitors named by the Times article.
While a US casino could conceivably purchase the group and leave it facing away from the US operationally, it seems likely that a purchase would probably mean some sort of step, however speculative, toward legalization and regulation in the United States.
