Public
offering shows even more promise for PartyGaming shares
June
30
As we promised our
online casino news readers, we are
continuing to follow the financial aspects
of PartyGaming's new stock offering.
Today, in its debut
of public trading,
PartyGaming PLC, the
largest online casino poker company, show us
the money. Shares in the company gained 6.5%
in value.
By afternoon, on the
London Stock Exchange, the stock was offered
at 148 pence, or $2.65 US. This comes in
well above Monday's private offering price
of
116 pence.
PartyGaming, the
online poker giant based out of Gibraltar,
has reached a whopping market value of over
5.7 billion pounds or $10.21 billion US. Get
ready for this, the company is now shoulder
to shoulder with such UK success stories
Marks & Spencer. On reporter even mentioned
that now - PartyGaming is worth more
than British Airways, this fact ought to put
things into perspective for our online
casino news readers out there.
D
espite
issues of a possible dragnet on online
casino gambling in the US, stock value
continues to rise. Truly a good sign of
things to come.
Since it was formed in 2001, PartyGaming's
online casino poker room has seen over 1
million players. Users pay a rake to
the casino in order to compete against each
other. Online poker tournaments are also
popular at this online casino.
