Party Gaming Signs with Danish Government

PartyGaming has reached a five-year deal with the Danish government's gaming group, Danske Spil, under which it will provide an online gaming platform for poker and casino games.

The online gambling giant made the announcement Monday, adding that the terms of the deal would be finalized in the coming weeks.

The Danske Spil Group is one of the European Union's largest betting organizations, with an annual turnover of more than one billion Euros and more than half-a-million registered online customers.

However the group had admitted that it needed to sign with one of the big online gaming companies in order to realize its full potential in anticipation of new gambling laws that are likely to come into effect in 2011.

The Danish government published draft legislation in 2009 for a partially liberalized gaming market. If the legislation becomes law, poker and casino games will be opened to competition in the Danish market.

PartyGaming are also waiting now for the changes, with CEO Jim Ryan saying that the company is looking forward "to building a significant and profitable enterprise as soon as the regulated Danish online gaming market opens."

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