PartyGaming signs new Partnership agreement with the Aviation Club de France
Posted on May 10, 2010 by John Trevors for Luckyroom.com
PartyGaming succeeded on the third business-to-business (B2B) agreement in France in recent months and confirmed that it will make application to obtain the necessary authorization for business operations in France.
The recent agreement with the Aviation Club de France, a well known poker club, located on the popular Champs Elysees and ranks as the top land based poker room in France with more than 100,000 members. The Aviation Club is expected to be the offline center of PartyGaming’s operations in France as soon as the formal liberalization of the French market occurs.
With this move, PartyGaming is building a strong foothold in the French Market as the company already operates online with the Partygaming.fr website. In addition, the company has recently achieved agreements with state owned company Pari-Mutuel Urbain (PMU) which holds the horse racing monopoly and with AB Groupe which is one of the key players in televised media in France.
The above mentioned business-to-business proposals of PartyGaming in the French market indicates the clear intention of the firm to apply for a full gambling license to the territory of France as France just recently adopted a licensing system which forces all online gambling operation to stop accepting wagers from French traffic until they receive a legal license which fulfills the necessary justifications.
The above translates itself to a loss of $12 million if Party Gaming would stop running its vertical integrated online gaming platform currently offering online bingo, online casino, online poker in addition to sports betting.
About Party Gaming
PartyGaming Plc (LSE: PRTY) is an online gambling company, well known for its online poker room PartyPoker.com and its online casino PartyCasino.com. The company is headquartered in Gibraltar Europe and is quoted on the London Stock Exchange. PartyGaming Plc was founded in 1997 with the launch of Starluck Casino from a successful partnership of Ruth Parasol with Anurag Dikshit. Prior to the introduction of the Unlawful Internet Gambling Act of 2006 which forced stock listed or stock listed to be online gaming companies from accepting wagers from US tax payers PartyGaming Plc held the world’s largest online poker brand (based on ring game revenue and number of players). Its market share has diminished since then but it remains the fourth largest online poker room in the world and the largest European stand alone online poker room.
More information can be found at the original source of information under the Party Gaming section on Wikipedia.
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