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The Poker Joker Forum >> Legalise Poker >> US gaming ban hits UK firms most
http://www.pokerjokers.co.uk/cgi-bin/yabb/YaBB.cgi?num=1162282736

Message started by Five Fingers on Oct 31st, 2006, 8:18am

Title: US gaming ban hits UK firms most
Post by Five Fingers on Oct 31st, 2006, 8:18am

Comment
By Robert Peston
Business Editor, BBC News  

'Investing in poker firms can be riskier than playing the game.

When Partygaming was floated on the stock market last year, its prospectus admitted that its online gambling activities were deemed "illegal" by relevant US authorities.

Which was a pretty extraordinary thing for it to say.

Because most of its revenues come from US gamblers and it was seeking to persuade the stock market to value its business at a cool 5bn.

If most of its operations were illegal, why wasn't PartyGaming worth zilch?'

View full article: http://news.bbc.co.uk/1/hi/business/5400482.stm

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