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On Friday, PocketFives had the opportunity to sit down with Pala Interactive CEO Jim Ryan (pictured), who formerly held the same position at Excapsa and bwin.party. Ryan’s newest venture has made inroads into the regulated New Jersey gaming market via an online casino and comes with a unique perspective on the future of our industry.
With rumors swirling about the fate of the gambling giant bwin.party, industry insiders now believe that the company could soon be acquired by Intertain, a Canadian-based holding firm. Intertain is listed on the Toronto Stock Exchange and is home to a variety of gambling brands including InterPoker, InterCasino, and Costa Bingo.
After rumors rampantly raced around the industry, it was confirmed by the second largest internet gaming company that it was in discussions with “multiple parties” regarding the sale of all or parts of the business.
Barely a few weeks after the unexpected announcement of Amaya Gaming’s acquisition of PokerStars, the rumor mill is once again in full swing. But this time, industry insiders are whispering about a possible sale of bwin.party, the parent company of bwinand PartyPoker.
After being knocked down the search rankings of Google for protocol violations, PartyPoker has rebounded over the past month, albeit only slightly.
While Sheldon Adelson is right in the thick of his anti-internet gambling crusade, one of his Las Vegas Sands Board members has been busy buying up a massive stake in an online gaming giant. Jason Ader, founder of the investment firm SpringOwl, has acquired a 6.1% share of bwin.party, giving him a controlling interest in […]