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 [...]
Orbis buys Electracade for £2.6m to grow interactive gaming interests
Integrated gaming and betting solutions provider Orbis has expanded its interactive gaming offering through the acquisition of UK-based games developer Electracade.
Orbis will make a cash payment of £2.6 million for the entire share capital of Electracade, with further payments conditional on the performance of the company whose clients include the likes of 888.com.
The acquisition means [...]