Poker Faced: Online Game Firm Loses Gbp2bn in a Day Share Crash After Warning of Waning Interest
The Herald › September 07, 2005
Linked as:
Summary
LESS than three months ago, it was the only game in town for stock market punters looking for a fast buck. Yesterday, however, shares in PartyGaming, the internet poker company which went public with a bigger quoted value than Marks and Spencer, did not look quite such a good bet.
Its shares crashed by a third on the London market, wiping about GBP2bn off the firm's value, after the company warned that the boom in the popularity of online poker may be starting to wane.See the full content of this document
Extract
Poker Faced: Online Game Firm Loses Gbp2bn in a Day Share Crash After Warning of Waning Interest
Analyst Robin Chhabra, at Evolution Securities, said: "This has been a shock. Poker isn't dead, but the talk of 45-per cent growth now looks unrealistic."
PartyGaming, the owner o...See the full content of this document
Sponsored links
