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.
Games Global is excited to announce its exclusive June releases, bringing innovative and fresh new content to its platform. With a wide range of innovative titles, there will be something for everyone to enjoy. And with the summer months upon us, there's no better time to enjoy some quality casino content!
Blackjack and Online Slots
On June 2nd, Stakelogic's Dynamite Strike was released which was followed up with Switch Studios' innovative ReDeal Blackjack.
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