PartyGaming stock reaches high


PartyGaming Stock Reaches High, by Greg Tingle - 14th October 2009

PartyGaming stock reached a high this past Tuesday on the London Stock Exchange. The company's stock hit its highest point since May, closing at $278.70.

The high point of the year for PartyGaming stock was reached on 6th May where it went to $283.

PartyGaming pulled out of the United States online gambling market after the Unlawful Internet Gambling Enforcement Act was put in place.

The company did purchase World Poker Tour (WTP Enterprises) via its Peerless Media Ltd arm last August for 12.3 million, and the World Poker Tour website does accept U.S customers. PartyGaming also purchased Cashcade last July for £71.9m in cash.

PartyCasino.com is a major focus of the company and they are currently experiencing substantial growth and revenues with the brand, and are regularly adding Hollywood themed slot games to the portfolio, many of which come from Paramount Pictures and StudioCanal.

The Australian / Asia Pacific and French regions are currently presenting PartyGaming with a number of promising opportunities, a number of which are also relevant to Party's premium betting brand, PartyBets.com

PartyGaming is based in Gibraltar and is widely regarded as the world's leading igaming company.

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