A settlement for $200 million. That's what it looks like it will take to finally bring an end to the hostilities between online poker providers PartyGaming and Empire Online. PartyGaming is reportedly prepared to compensate Empire Online with this huge sum in light of having cut off its poker site, Empire Poker, from the millions-strong PartyGaming player base. As of last year's severance of ties between the two organizations, Empire Poker was left with only a small percentage of active poker players on the site, causing "substantial damage" to Empire Online revenues.
The $200 million is truly a fantastic sum, but it pales in comparison to the half billion dollars Empire Online was initially believed to be suing for. News of the impending $200 million settlement caused Empire Online stock to climb 5% on the London Stock Exchange, as investors gained renewed confidence in the online poker operator. Other good tidings for Empire Online, which have increased investors' confidence in the company, are the solid results published for the fourth quarter of 2005, mainly due to the performance of its new gaming platforms, online poker room Noble Poker and Club Dice Casino.
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