PartyGaming sues over poor-performing online acquisitions
One of Europe’s biggest online gaming players, Gibraltar-based PartyGaming plc, has filed a lawsuit against the former owners of one of its acquisitions alleging the company failed to deliver on certain income as agreed in the terms of the deal in 2006.
PartyGaming’s lawsuit against Livermore Investments Group — former owners of Empire Online — was [...]
Shares move strengthens Net Entertainments financial position
Shares in Sweden’s Net Entertainment AB were up by more than 5% today after the company received approval to list its shares on the NASDAQ OMX Exchange in Stockholm.
The company’s current listing on NGM Equity will end on Jan. 12, 2009, resuming trading on Jan 13th on NASDAQ OMX under the same NET B stock [...]
PartyGaming founder is bailed on charges of illegal US gaming
PartyGaming founder Anurag Dikshit pleaded guilty in a New York courtroom yesterday to offences under the Interstate Wire Act of 1961, agreeing to a fine of $250,000 (£160,000) and the forfeiture of $300m (£190m) to the U.S government. Dikshit, who was released on bail of $15m (£10m), still faces a possible two year jail sentence.
The [...]