 Poker is increasingly popular with online gamblers |
Internet gaming firm Partygaming has revealed it is in early bid talks with smaller rival Empire Online. The UK's biggest online casino said it had made a "preliminary, non-binding approach to Empire".
Last month, Partygaming, which owns the Partypoker website, reported a 32% rise in quarterly revenue to $220m (�124m).
Empire, however, was forced to issue a profit warning last month after its users were blocked from using sites run by Partygaming.
Empire said its profits would be 10% below forecasts after Partygaming moved all its players to a new platform which blocked access from so-called skin sites.
Second approach
 | Any offer proposal would depend upon...a number of material pre-conditions, including due diligence and the prospects for Empire's business |
Partygaming did not say how much it was prepared to offer for Empire.
Press reports on Wednesday suggested that Partygaming was considering making a �400m bid for Empire, although analysts questioned whether the firm would be willing to pay this much.
In September, Empire said it had received a separate �790m approach from larger online rival Sportingbet. However, talks between both sides broke down later in the month.
In a statement, Partygaming said: "Any offer proposal would depend upon, in particular, Partygaming being satisfied as to a number of material pre-conditions, including due diligence and the prospects for Empire's business."
Shares in Partygaming closed up 0.27% at 93.25 pence on the London Stock Exchange. Shares in Empire Online were down 1.73% at 113.50 pence.