Joint venture with Intralot announced

From the CAP News page:

April 8, 2009 (CAP Newswire) -- Apparently unrelated to yesterday’s story that PartyGaming has agreed to settle with the U.S. Department of Justice comes the news that the company also has plans to expand into the currently red-hot Italian market in the very near future.

The expansion will be in partnership with Intralot, a Greek lottery systems provider. The two companies are hinting that, if the Italian venture proves successful, they will attempt to enter into more overseas deals in the coming months, as well.

“Intralot is the first member of PartyGaming's poker network in Italy and will promote the new service through its retail network, which includes 600 betting outlets,” reported Reuters news service this week.

"This is our third business-to-business deal in 2009 and we are confident of continuing to build our portfolio over the coming months," PartyGaming Chief Executive Jim Ryan commented in the Reuters article.

Click here to read the coverage on Reuters.