PartyGaming (PRTY) announced on Friday that it plans to take over two of its four partners (Multipoker and IntertopsPoker), is cutting ties with a third (Coral Eurobet), and is going to kill the value of its fourth partner, Empire Poker, so they can eventually buy it on the cheap (although not exactly phrased that way).
We can see it now:
All joking aside, Wicked Chops Poker respects any European-based company that shows a little American-killer-business-spirit.
Says analyst Robin Chhabra, "PartyGaming is using this to further squeeze down the price it pays for Empire — that’s if it bothers at all."
We believe they eventually will. Why? Because, in true business fashion, the owners of PartyGaming adhere to this important credo: greed, for lack of a better word, is good.