There's just been a RNS
RNS Number:8482O PartyGaming Plc 02 January 2007
2 January 2007
PartyGaming Plc
Playtech Licensing Agreement
PartyGaming, the world's leading listed online gaming company, today announces that it has satisfied the software licensing condition applicable to the agreed acquisitions of the assets, players and gaming related contracts associated with Empire Online Limited's gaming business and all of Intercontinental Online Gaming's business and assets.
A four-year software licensing agreement covering the key online gaming websites being acquired from Empire and Intercontinental has been concluded with Playtech, the world's largest publicly traded online gaming software supplier. The terms of the agreements, which will replace the contracts that Playtech has in place with both Empire and Intercontinental and which are conditional on the completion of the sale of the Empire and Intercontinental assets, are not being disclosed.
Online gaming websites operated by Empire and Intercontinental include: NoblePoker.com, Clubdicecasino.com, EnterCasino.com, MissBingo.com, FairPoker.com, and MagicBoxCasino.com.
Founded in 1999, Playtech is listed on London's Alternative Investment Market. It has more than 300 employees, of which 250 are engaged in research and development of current and future gaming technologies. All of Playtech's products support multiple currencies and are available in several European and Asian languages. The Playtech gaming platform can also be fully integrated or run in tandem with PartyGaming's gaming systems.
and from this morning first things
LONDON (AFX) - Playtech shares were 1-1/2 pence higher at 243-1/2 after the group said it has signed a long-term software licensing deal with PartyGaming, subject to the completion of PartyGaming's acquisition of certain businesses and assets from both Empire Online Ltd and Intercontinental Online Gaming Ltd.
Playtech said the four-year agreement provides for online gaming websites currently operated by EOL and Intercontinental to remain exclusively on the Playtech platform, but did not give any financial details of the agreement.
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