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News > Casino News Archive > Oct 2005 > Good News for Carnival Casino |
23 Oct 2005
Just as news came in of Empire Online’s profit’s possibly shrinking due to a canceled deal with online casino giant Party Gaming, news came of high wagers and winnings, bringing the company some positive news. The good news took place at the Carnival Casino. And let’s say someone’s happy with the $2,000,000 headlines as well.
Empire Online is owned by an Israeli family conglomerate, and recent reports noted a fallout between Party Gaming and Empire, which recently followed Party Gaming’s online gambling IPO example by offering shares on the London Stock Exchange. Empire and Party Gaming had been in talks about a possible merger, but just last week the talks fell through and Empire Online had announced possible profit losses due to the inability of Empire customers to continue to wager at Party Gaming under the sharing agreement. But the news from Carnival Casino has heartened the company, and now investors will be the ones to watch
The Empire Online float caused headlines in the online casino gaming industry with a less than stellar and less than expected performance, though this can be attributed mostly to the wariness with which online casino IPOs have been approached as of late due to poor performance of Party Gaming following the news that wagers were down at one of that company’s flagship sites, Party Poker. Carnival Casino is only one of Empire Online’s holdings, which also include Monaco Gold Casino and YouBingo.Related News:
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