PartyGaming Chief Predicts Online Poker Consolidation

Jim Ryan, CEO of PartyGaming has told the Financial Times there will only be five online poker operators of any consequence in the next three years and he believes PartyGaming will be one of them.

“We need to retake the hill and position ourselves to be that leader again,” Ryan told the London newspaper. “Our job, frankly speaking, is to take share back,” he said, but admitted that increased competition in Europe may cost them more as current industry high-rollers PokerStars and FullTilt increased the cost of media buys and teaming up with affiliates.

While the paper said Ryan was frustrated with his major competitors ability to operate not just in Europe but also the U.S he said he would “prepare the company for that day” when the U.S. online gambling landscape changed, a situation that the paper believes is coming to a head with the acceptance by former PartyPoker.com founder Anurag Dikshit of an illegal gambling charge for which he has agreed to forfeit $300 million of his fortune.

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