PartyGaming Shares Look Attractive to Investors

PartyGaming Plc, a publicly traded online casino and poker company, saw their stock drop more than 70% last week on the London exchange. Today, the stock rallied close to 8% as bottom-fishers and speculators seized the opportunity to purchase shares at a low price.

Despite their dismal performance last week, the company has very solid profit margins (45.05%) and a strong worldwide customer base. It was reported today that Party Gaming is planning at least 2 buyouts, one for Gamesys, a small privately held firm with strong margins as well.

Events in the United States legislature will be play a key role in whether or not PartyGaming stock can truly rally. Demonstrators are meeting today in Washington to protest the Internet Gambling Ban, a bill that is expected to be signed by President Bush on Friday.

If Bush decides to send back the Internet Gambling Bill, and PartyGaming is once again given the opportunity to operate in the United States, the share price of their stock might triple in one day. Line Item Vetoes can not be performed by US presidents, but they can send back entire bills for further debate. The Internet Gambling Bill is an independent bill currently attached to the Port Security Bill. Bush could sign the Port Security Bill, and send back the Internet Gambling Bill.

October 9, 2006
Posted By Tom Jones
Staff Editor, CasinoGamblingWeb.com    Previous Page | Internet Gambling | Top Online Casinos | Submit News!