I agree that Party gaming was quick to bail out and that they have a mixed affiliate track record but the directors and officers of public companies can be held liable for their actions and I bet they don´t want to stake their personal fortunes against billion dollar law suits.
The last thing I heard about Party was also a bit confusing. Apparently they are looking for acquisitions?! What about creating some more publicity and guarding your own business rather than sinking more money into other companies in a troubled industry?