Party Press Release-More Consolidation Ahead
11 November 2005
PartyGaming Plc
(“PartyGaming” and, together with its subsidiaries, the “Group”)
WPC Platform and White Label Businesses or “Skins”
Highlights
Acquisition of MultiPoker
Acquisition of IntertopsPoker player database
Coral EurobetPoker to leave the WPC platform
Changes further consolidate the Group’s strong position in online poker
PartyGaming, the world’s leading online gaming company, announces today changes to relationships with
three of its four white label businesses (or “skins”) operating on the Group’s WPC platform. The changes
affect MultiPoker, IntertopsPoker and Coral EurobetPoker, and further consolidate the Group’s strong
position in online poker ahead of the launch of a fully integrated, Party-branded operating platform in the
first half of 2006.
The Group has agreed to pay US$14.5m in cash for the business, assets, player database and intellectual
property of Multipoker, including the Multipoker brand and the MultiPoker.com site. MultiPoker is a leader
in online poker in Scandinavia with more than 255,000 registered players.
The Group is ending its skin arrangement with IntertopsPoker.com which will become an affiliate of
PartyPoker.com. The agreement enables PartyPoker.com to market its services to IntertopsPoker.com
players and hands PartyGaming control of the IntertopsPoker.com site for the next 15 months.
Coral Eurobet is pursuing a longer term strategy for its poker business and has decided to leave the WPC
platform. The Group will co-operate with Coral Eurobet in the migration of its customers to a new poker
platform in the next few weeks.
Richard Segal, Chief Executive of PartyGaming, said today:
“PartyGaming’s business strategy is clear and is being implemented as planned. We now look forward to
the launch of the Party-branded integrated platform in the first half of 2006 when we will expand the
number of games available to our customers, who will be able to use one account and a shared purse.”
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