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  Gambling News - July 10, 2006  

Gamebookers Next on PartyGaming's List?

In acquisition news this week, Gamebookers is billed to be next on PartyGaming’s list. The largest online poker firm in the world has made no secret that its acquisition plans are steaming ahead this year, and industry insiders are predicting that Isle of Man-based Gamebookers is of real interest to the firm. The deal is expected to be sealed within the month and a price of 50 million pounds sterling has been mentioned by undisclosed sources.
Founded in 1998, Gamebookers is currently owned by Trident Gaming and licensed in Antigua. It also has , but also has a UK bookmakers' permit. Neither Gamebooker nor PartyGaming spokesmen would comment on the reports.

Party Gaming recently made headlines after its founding members sold a large number of shares, unsettling the market and causing the firm’s shares to fall to 112 pence each. Further sales occurred after chairman Michael Jackson, finance director Martin Weigold, and company secretary David Abdoo decided to sell shares. While Jackson profited approximately 304,000 pounds sterling after his sale, he retained a further 600,000 shares. His colleagues, Weigold and Abdoo, sold nearly all their shares, earning two million pounds each. However, both retained their options in PartyGaming.

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