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PartyGaming Shares on the Rise
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 February 2 - British newspaper, The Guardian, has reported that the share price
of leading London Stock Exchange-listed online gambling group, PartyGaming Plc,
has increased by 2 pence up to 29.5 pence.
The increase has been attributed to a statement made on Wednesday by Charlie
McCreevy, internal market commissioner, that the European Union (EU) may very
well challenge online gambling restrictions imposed by the United States.
When the US Congress passed the Unlawful Internet Gambling Enforcement Act (UIGEA)
in September of last year, PartyGaming's share price plummeted by 50 per cent
when it pulled out of the US market.
Up until then, PartyGaming, which owns and operates leading online poker room
PartyPoker.com, was one of the largest online gambling companies targeting the
American Internet gambling market.
McCreevy commented that the restrictions the United States imposed on the online
gambling industry were essentially put in place to protect America's domestic
gambling industry and are thus grounds for the EU to take the case to the
World Trade Organization (WTO).
Visit PartyPoker.com today.
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