Is party over for online gambling?

Iria · Jul 2, 2006, 02:23 PM

Source: IHT
__________
LONDON - When PartyGaming, an online gambling company based in Gibraltar, went public on the London Stock Exchange in June 2005 in one of the most ballyhooed initial stock offerings of the year, the shares soared, lifting the company's market value to more than $10 billion. A little more than a year later, however, the shares have slumped, bringing them roughly back to where they started.

Is the party fading for PartyGaming and other Internet gambling companies after several years of torrid growth?

Jul 2, 2006, 02:23 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Is party over for online gambling? Source: IHT __________ LONDON - When PartyGaming, an online gambling company based in Gibraltar, went public on the London Stock Exchange in June 2005 in one of the most ballyhooed initial stock offerings of the year, the shares soared, lifting the company's market value to more than $10 billion. A little more than a year later, however, the shares have slumped, bringing them roughly back to where they started. Is the party fading for PartyGaming and other Internet gambling companies after several years of torrid growth?