gambling.co.uk home casinos play poker play bingo play instant win games gambling news archive gambling.co.uk forums
 
- -
Bookmark current page
 
  Search
→ casino
→ online casino
→ online poker
→ poker
  Recommended Sites
  Featured Partner
  Gambling.co.uk
Home
Gambling Articles
Gambling Experts
News Archive
Forums
Contact Us
  Affiliates
Bingo Aff Program


Gambling.co.uk: Gambling News Archive

Share Price Of Online Casino Recovers

PartyGaming regains float price after recent slump

Wednesday 30th November 2005

PartyGaming has regained its float price just 13 weeks after itís 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.






Source: OnlineCasinoNews

  • Back to archive index
  • Submit a press release

    Discuss this story in the Gambling Forum. Last 5 Posts:
    Sunday 26th February, 2017:   Horse Race betting
    Friday 24th February, 2017:   Poker Websites
    Thursday 23rd February, 2017:   UEFA Europa League
    Wednesday 22nd February, 2017:   UEFA Champione Leugue
    Wednesday 22nd February, 2017:   Hi - How to make good money online!