Empire operates websites which acts as feeders for online gambling companies such as PartyGaming, who then pay commissions for the business. This amicable relationship was shattered six months ago when PartyGaming shifted poker players to its improved website, leaving Empire to fend for itself. Empire subsequently sued for $1 billion in damages.
According to the settlement, Empire will now drop its suit while PartyGaming will take control of the older websites.
Richard Segal, chief executive of PartyGaming, said, This acquisition brings our skins strategy to a close and consolidates our leading position in online poker ahead of the launch of the fully-integrated, Party-branded platform. The introduction of Blackjack last October marked the beginning of our cross-selling strategy; the integrated platform will enable PartyGaming to take the cross-selling of games to a new level.
