In a recent interview given to the Financial Times, the new Chief Executive Officer (CEO) of Party Gaming Jim Ryan announced his ambitious plans for the company.
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The recent news of December regarding the founder CEO of Party Gaming, Anurag Dikshit and the U.S. Justice Department, is again in the spotlight. Now, in a recent interview given to the Financial Times, the new Chief Executive Officer (CEO) Jim Ryan, announced his ambitious plans for the company.
The article written by Roger Blitz informs us that the past years have been difficult for the former leader of online poker. After its public offering on the London Stock Exchange in 2005, PartyGaming saw its value $ 5 billion pounds sterling. After the United States passed the Unlawful Internet Gambling Enforcement Act (UIGEA) in 2006 and the subsequent decision of their CEO Mitch Garber to withdraw from the market, PartyGaming was more valued at 1 billion pounds sterling. However, as mentioned by Blitz, there could be light to end what he calls "the long tunnel dark" for the company.
The light referred to Blitz is the decision by mid-December by Dikshit and succumbing to pressure from the U.S. Justice Department to plead guilty to charges of violation of the Wire Act of 1961. In admitting his guilt, Dikshit will pay $ 300 million and could face 2 years in jail, although this sentence could be effective as from 2010. He continues to assist the U.S. Government in its investigations into the world of online gaming.
In his article, Ryan mentions that Party Gaming is currently under discussion with the U.S. Department of Justice concerning the liability of the company, without wanting to even enter the details. This article mentions that the action of Party Gaming to the London Stock Exchange gained 200 pence each and there is an agreement that may arise with the U.S. Government this month. The actions of Party Gaming can be found under the symbol "PRTY."
When questioned about the future of the company, Ryan is optimistic about the skills both at online poker and at the level of the game online in general of Party Gaming. "This is a marathon and not a sprint," we learned it. Ryan said in an article in the Financial Times: "we want to make the maximum profits each quarter, but the market has become more and more competitive and we need to know exactly where we want to go. We have not slowed down, but we must keep our eyes to the future. »
The plan for the next three years that Ryan has set up for Party Gaming is what he believes that all online games companies want to do, but that Party Gaming has already made. A quote from the Financial Times tells us that since the loss of the U.S. market, his company is specialized in all aspects of the game including poker, casino, sports betting, bingo and backgammon online. "We offer different products with a single gaming platform" explains Ryan in the Blitz article. "One account, a single deposit, it is a one-stop. It is the goal of many of our competitors and we have already established it. »
Ryan also mentions that he sees the day when online poker is quite different from what we know today. Party Gaming focuses on the online poker and Ryan predicted that within a few years, there will be more 5 poker rooms. Party Gaming is today ranked 4th in the world and it is wrong to Ryan. He finished by adding: "We must regain the lead in this area in order to again be leaders as formerly."
The article written by Roger Blitz informs us that the past years have been difficult for the former leader of online poker. After its public offering on the London Stock Exchange in 2005, PartyGaming saw its value $ 5 billion pounds sterling. After the United States passed the Unlawful Internet Gambling Enforcement Act (UIGEA) in 2006 and the subsequent decision of their CEO Mitch Garber to withdraw from the market, PartyGaming was more valued at 1 billion pounds sterling. However, as mentioned by Blitz, there could be light to end what he calls "the long tunnel dark" for the company.
The light referred to Blitz is the decision by mid-December by Dikshit and succumbing to pressure from the U.S. Justice Department to plead guilty to charges of violation of the Wire Act of 1961. In admitting his guilt, Dikshit will pay $ 300 million and could face 2 years in jail, although this sentence could be effective as from 2010. He continues to assist the U.S. Government in its investigations into the world of online gaming.
In his article, Ryan mentions that Party Gaming is currently under discussion with the U.S. Department of Justice concerning the liability of the company, without wanting to even enter the details. This article mentions that the action of Party Gaming to the London Stock Exchange gained 200 pence each and there is an agreement that may arise with the U.S. Government this month. The actions of Party Gaming can be found under the symbol "PRTY."
When questioned about the future of the company, Ryan is optimistic about the skills both at online poker and at the level of the game online in general of Party Gaming. "This is a marathon and not a sprint," we learned it. Ryan said in an article in the Financial Times: "we want to make the maximum profits each quarter, but the market has become more and more competitive and we need to know exactly where we want to go. We have not slowed down, but we must keep our eyes to the future. »
The plan for the next three years that Ryan has set up for Party Gaming is what he believes that all online games companies want to do, but that Party Gaming has already made. A quote from the Financial Times tells us that since the loss of the U.S. market, his company is specialized in all aspects of the game including poker, casino, sports betting, bingo and backgammon online. "We offer different products with a single gaming platform" explains Ryan in the Blitz article. "One account, a single deposit, it is a one-stop. It is the goal of many of our competitors and we have already established it. »
Ryan also mentions that he sees the day when online poker is quite different from what we know today. Party Gaming focuses on the online poker and Ryan predicted that within a few years, there will be more 5 poker rooms. Party Gaming is today ranked 4th in the world and it is wrong to Ryan. He finished by adding: "We must regain the lead in this area in order to again be leaders as formerly."
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