PartyGaming Suing Former Owner of Empire

[The Buzz]

Bloomberg is reporting that PartyGaming is suing Livermore Investments Group over the acquisition of Empire, which according to the story, has underperformed promised revenues from the sale.

The claim amount is reportedly in the "six figure" range.

http://www.bloomberg.com/apps/news?p...k0Pbo&refer=uk

[Buddy.]

If my memory serves me correctly there was some pretty shoddy treatment of affiliates by Party when this acquisition went through...

[TheGooner]

Interesting that the purchase was for $38m and they're claiming only a "six figure" sum (less than $1m) back ??

But PartyGaing are pretty crappy at running sites they take over - they bought out a quality sportsbook in Gamebookers a few years ago, insisted on pasting branding for partypoker, partybets and such all over it and generally killed the old brand.

Gamebookers is a pale shadow of it's former self .... I'm sure that's another underperforming purchase too ... but the blame should be put squarely on the PartyGaming people for that one.

[Simmo!]

If my memory serves me correctly there was some pretty shoddy treatment of affiliates by Party when this acquisition went through...

Yup - they dropped all the Empire affiliate tags. What goes around...