The online gaming party continues for PartyGaming

Less than 2 years ago, PartyGaming was almost on the wire when it lost 75% of its market due to the UIGEA. But the company bravely focused on the international online gaming market and has come out tops.

A spokesman for PartyGaming said the company went through an evolution and the transformation is not complete yet. Part of this evolution was the layoff of a few hundred employees in early July. The European online gaming market is still growing though not as fast as in previous years due to the economic climate. The online gaming market has also become more competitive with so many new online gaming sites erupting all over the internet.

The dispute with the US government over whether it was illegal to offer online gaming services even before UIGEA in October 2006 is still undecided. But there are rumors that the company will settle with the US government for a billion dollars. How true that is remains to be seen but it has affected the company's ability to conclude mergers and acquisitions because all potential partners are concerned about doing business with a company that has unresolved legal issues.

Some analysts have speculated that PartyGaming has had its time and has reached the zenith of its operation. Citing the collapse of AOL dialup, the analysts warn that PartyGaming should consider selling off its massive database while it still has some worth.

Online gaming has never been an easy business and in these much tougher times with legislation abounding, it needs a cool head and calm focus to sail the ship through turbulent waters.

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The online gaming party continues for PartyGaming

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