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