Online Casino Industry Reports Latest Merger

The acquisition of 60% of GigaMedia’s online gambling software will make Mangas Gaming one of the biggest providers in Europe. The purchase price amounts to $100 million.

For the year of 2009 the stock of GigaMedia was down 33%, and the money Mangas agreed to pay is believed to help stock jump.

Mangas’ portfolio already includes Expekt, Bet-at-Home and BetClic. Everest Poker is the group’s latest addition.

The rumors say that there is a possible merger between PartyGAming and Bwin.

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About Blackwell Arthur

Arthur Blackwell – was born in a town of Belper, Derbyshire, England, UK. Being a hardworking person, in 1999 he entered De Montfort University, Leicester, and four years later successfully graduated from it and moved to Edmonton. The faculty of business and law made his realize that gambling, especially poker and horse races, are not only a kind of philosophy but a good business, too.