Internet gaming group Empire Online announced this week that it has commenced legal proceedings in the Gibraltar High Court against former partner and current flavour of the month, PartyGaming.
The former firm has reportedly lost more than half of its market value since PartyGaming put in place an arrangement which ring-fenced its own online poker players from those of other sites which use its software, and which include Empire Online.
Before the move in October, players on the external sites, known as 'skin sites', competed against a substantially bigger pool of participants, which included those using PartyGaming's own site.
Empire Online stated on Tuesday that:
"The company seeks substantial damages and injunctive relief from PartyGaming."
A comprehensive report in our Intelligence Report series examining offshore e-commerce and online gaming is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report6.asp
Network Tweets Archive
| Resources | Partners
| Site Map | Links
| Newsletter
Archive | Contact
| RSS Feeds
About | Syndication |
Advertising & Marketing |
Recruitment |
Terms & Conditions |
Privacy
Copyright © 2012 - All Rights Reserved - Tax-News.com
All content provided by BSI Media
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment