6683 1 3 econsultancy_xml <p>"<em>The acquisition of Gamebookers is an important step forward in diversifying PartyGaming's business from both a product and geographic perspective</em>," said PartyGaming's chief executive Mitch Garber.</p> <p>With the online gambling sector being rocked by the <a href="/blog/087-betonsports-charged-by-us-justice-department">arrest</a> of BetonSports' former chief executive David Carruthers last month, PartyGaming was keen to emphasise that Gamebookers did not accept bets from the States.  </p> <p>PartyGaming is also trying to reduce its exposure to the US, its main market, and where there are doubts over online gambling's legality.</p> <p>According to the firm, Gamebookers took over 25 million sports bets totalling around £120 million in 2005. As well as its sports betting business, it operates an online casino and poker room. </p> <p>"<em>We believe that sports betting will be a valuable addition to our integrated gaming platform, which we expect to provide excellent cross-selling opportunities for our expanding base of customers outside the US</em>,” added Garber.</p> <FormattedContent xmlns="http://www.e-consultancy.com/schema/formattedContent/"> <Paragraph>"<Quote>The acquisition of Gamebookers is an important step forward in diversifying PartyGaming's business from both a product and geographic perspective</Quote>," said PartyGaming's chief executive Mitch Garber.</Paragraph> <Paragraph>With the online gambling sector being rocked by the <Link URL="/blog/087-betonsports-charged-by-us-justice-department" Window="New">arrest</Link> of BetonSports' former chief executive David Carruthers last month, PartyGaming was keen to emphasise that Gamebookers did not accept bets from the States.  </Paragraph> <Paragraph>PartyGaming is also trying to reduce its exposure to the US, its main market, and where there are doubts over online gambling's legality.</Paragraph> <Paragraph>According to the firm, Gamebookers took over 25 million sports bets totalling around £120 million in 2005. As well as its sports betting business, it operates an online casino and poker room. </Paragraph> <Paragraph>"<Quote>We believe that sports betting will be a valuable addition to our integrated gaming platform, which we expect to provide excellent cross-selling opportunities for our expanding base of customers outside the US</Quote>,” added Garber.</Paragraph> </FormattedContent> 2006-08-03T11:43:00+01:00 1 1 econsultancy_xml <p> <strong>Online casino and poker firm PartyGaming has branched out into bookmaking with the £70 million purchase of Gamebookers.</strong> </p> <p>The deal will see PartyGaming paying Gamebookers' owner, Isle of Man-based Trident Gaming, £55 million on completion and £15 million in 18 months' time.</p> <FormattedContent xmlns="http://www.e-consultancy.com/schema/formattedContent/"> <Paragraph> <Emphasis>Online casino and poker firm PartyGaming has branched out into bookmaking with the £70 million purchase of Gamebookers.</Emphasis> </Paragraph> <Paragraph>The deal will see PartyGaming paying Gamebookers' owner, Isle of Man-based Trident Gaming, £55 million on completion and £15 million in 18 months' time.</Paragraph> </FormattedContent> false 131 361475 PartyGaming snaps up sports betting firm false 2006-08-03T11:59:00+01:00 partygaming-snaps-up-sports-betting-firm 2009-04-29T23:33:04+01:00 2009-04-29T23:33:04+01:00 372