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Party Gaming bounces back
 April 18, 2007, 9:34 pm (4 years ago)Party Gaming, one of the world’s leading online gambling groups, has once again been catching the eye of analysts and also investors due to the remarkable bounce back that they have achieved by its actual share price.
In the doom and gloom of last years post UIGEA, the group’s shares actually plunged downward by a dramatically seventy six percent, this is according to the UK newspaper known as The Daily Telegraph. The company had actually abandoned the most significant part of its business that emanated from the United States and the general online gambling environment that was skittish to say the least.
Since all of this has occurred the party has been actually stretching away at extending its natural reach into other market aspects such as Europe and also Asia, and the actual growing investor perception that appears to be that the group has successfully weathered the storm of the United States. The shares have recovered better than ever expected at sixty six percent this year alone from the all time lows that they had in 2006.
Lite Trading’s, Darren Sinden, explains that a number of the factors that have put Party Gaming back on the winning streak. “Since the start of the year, talk of consolidation in the sector and hopes of a possible reversal of the worst of last autumn’s U.S. gaming regulations, combined with figures from the company showing that it is seeing recovery in its core markets, have led to a pick up,” he states.
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