Party Poker Buys Empire Poker

The trend in consolidation in the online poker industry has continued during 2006 with Party Poker announcing today that they plan to acquire Empire Poker in an out of court settlement.
In December 2005, Party Poker cut Empire Poker’s legs off by announcing that they were separating their own gambling platform from that used by partners such as Empire Poker. The move culminated in a profit warnings from Empire. The two companies have been engaged in legal battle since Party Poker’s split.

Party Poker’s site acquisition is believed to have cost $250 Million USD. The acquisition is expected to boost Party Poker’s revenue during 2006. It is likely that Party Poker will reach 100,000 players logged on simultaneously early this year on the back of steady growth in the online poker industry and the Empire Poker acquisition.