Online Poker Trips Over its First Hurdle

Filed in archive Poker on September 6, 2005

Partygaming PLC, the online poker giant that runs partypoker.com, saw a 30% freefall in its shareprice today - despite announcing a boost in profits and a huge increase in its revenues.

The company predicted that current growth rates will slow down considerably - calling them 'unsustainable' - and despite seeing a 73% increase in player sign-ups, reported a decrease in overall yield per player

This news comes just in time for investors to decide about the upcoming 888.com floatation - posing the question as to whether the City's love affair with online gaming stocks may finally come to an abrupt end

Article: Fears for online gambling stocks