Party Poker to re-enter US market?
Rumors have been flying in recent days that PartyGaming will reopen its Party Poker internet poker room to the US market. Following the signing into law a bill that would curb some forms of internet gambling, PartyGaming abruptly pulled its popular PartyPoker site out of the US market. Many experts believed they did so prematurely. Rumors of a possible PartyGaming announcement regarding its reemergence in the US market first appeared on the PokerNews.com website.
The London Stock Exchange trading PartyGaming was the largest IPO of 2005 in the United Kingdom, and was valued higher than British Airways.
Despite losing approximately 80% of its customer base, PartyPoker is now the number two largest online poker room in the world. In fact, the poker room, which had been neck and neck with Full Tilt Poker, is now drawing a much larger gap in recent weeks according to PokerSiteScout.com.
Following a huge drop in its overall share price back in October, PartyGaming is slowly said to be recovering.
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