PartyGaming is reportedly involved in takeover talks with GigaMedia Limited, the company behind Everest Poker. GigaMedia has a market value of $363 mill and it is rumoured to have hired someone to find a buyer for the company.

“We have made it very clear we believe the industry will consolidate and we will look at opportunities as and when they arise”, said a spokesman for PartyGaming.

As PartyGaming recently settled an agreement with the US government now it is looking to move forward in a big way.