Share Price Of Online Casino Recovers |
November 30, 2005 - PartyGaming has regained its float price just 13 weeks after its warning on poker growth knocked over £3 billion from its market value.
After a high-profile £4.6 billion London flotation in June, PartyGaming saw its market value soar to over £7 billion.
Then on September 6 came the company's warning that poker growth was 'moderating'. For the first time shares plummeted below the float price as the company lost over £2 billion pounds in market value -- one of the most dramatic losses in recent years.
Recovery for PartyGaming started after the split with former partners such as Empire Online led to a more competitive strategy, and the removal of any litigation threat from Empire also lifted the share price.
Shares in PartyGaming were up 6.9% yesterday (29/11/05) at 117p ahead of the initial float price of 116p. |
> Read the full story here
Source: iGamingBusiness.com |
|
PLAY & ENJOY NOW the most favored online casino by American players! Las Vegas USA Casino offers everything you wish from a Las-Vegas-style online casino - a generous 150% bonus up to $3,000 at welcome, more than 120+ thrilling and fun games with fast and various blackjack tables, huge progressive jackpots and much more - discover today one of THE BEST ONLINE GAMING DESTINATION ACTUALLY!
|