• New Online Games Added at PartyGaming

    30 June 2006

    Newspaper

    PartyGaming is a year old as a listed company and things are smoothing out after a rocky beginning on the London Stock Exchange. This is due in part to the extremely favorable financial gains in first quarter revenue and a record number of new player registrations at their sites.

    The fast growing company has now added a new product to their stable, PartyGammon. With the recent popularity Backgammon has been enjoying the last few years, this addition is welcomed by millions of backgammon players world wide. PartyGammon joins PartyPoker offering free online games to backgammon and poker players.

    The financial forecast for PartyGaming predicts their earnings will reflect a 50% earnings growth for this year. So why is the stock price so low? Two possible reasons have been discussed. First, the slated gambling legislation currently being debated in the U.S.Congress. It’s been estimated that over 80% of PartyGaming’s poker players live in the U.S. Until the legality of online gambling has been defined, investors maintain a ‘wait and see’ stance.

    The second reason is the loss of PartyGaming’s top management. To complicate matters, the departed executives have been dumping their shares, leading investors to take an ‘approach with caution’ attitude.

    Related News

    • 18 September 2020

      Lucky Tiger Casino Unleashed Upon Adoring iGaming Crowds

      There is a brand-new online casino on the horizon, and it’s one that is ready to pounce and pack a punch: Lucky Tiger is the name and it’s all business! Gamified quests, generous winning potential and much more makes this online gambling establishment a place to look out for in the final quarter of 2020! A Bit About Lucky Tiger Let’s first take a look at Lucky Tiger’s origins.

      Read full article
    • 09 September 2020

      Greentube Strengthening Position in Spain By Partnering up with Gran Madrid Online

      Greentube already has a significant influence in the Spanish market. Now it is extending its footprint in this country by partnering up with leading operator Casino Gran Madrid Online. The distribution deal will see the provider’s classic and tailored iGaming content implemented into the offering of the operator, enabling the brand to expand its presence on the Iberian Peninsula.

      Read full article
    • 15 August 2020

      Funbet Casino Brings the Fun to Both Casino Players and Sports Bettors!

      It seems like new online gaming platforms are popping up left and right, but not all of them have what it takes to attract the market’s attention. That certainly isn’t the case with Funbet Casino, with a lot of interesting things in its offer. As a platform that doesn’t only look out for the casino players, but also sports bettors, it has a strong portfolio of entertainment choices to show for.

      Read full article