Empire Online Not Happy With Party Gaming's Game

Many online gambling investors were predicting that a Party Gaming buyout of Empire Online would be surely going down after Empire's shares drastically fell due to Party Gaming's decision to end the two online betting giants' affiliation. 

After talks between Empire and the leading online casino sporstbook, Sportingbet, fell through the cracks, it looked as if an interest from Party Gaming was going to seal the deal, and make Party Poker an even larger online poker room.  However, this deal did not go down; Rather, Empire claims that Party Gaming breached their initial offer, while Party Gaming claims their initial offer was nothing that Empire says it was.

According to Empire Online, Party Gaming approached the value of their company with individual shares being worth 135-140 pence.  This amounted to a company value of 400 million pounds.  Party Gaming, on the other hand, says their valuation resulted in shares being worth 60 pence each, amounting to a company value of less than half of 400 million pounds.

Now that talks have definitely broken up between the two poker rooms, Empire Online is making plans to take a legal course of action - with Party Gaming the target of these new ambitions.  Although nothing has been done as of late, Empire is investigating all possibilities according to the company's Mergers and Acquisitions Branch.