Online poker prohibition could be overturned
Poker Lobby & AGA groups aim to end Online Gambling Bill


The Poker Players Alliance and executives for the American Gaming Association (AGA) say they are hopeful that the recent political changes in the U.S. Congress will help them overturn the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA).

You may recall how the UIGEA was appended onto to the sure-to-be-passed Safe Port Bill when most Senators had already cast their votes and left, in the final hours before the Republican-controlled Congress adjourned for mid-term elections.

The UIGEA, while not making online poker illegal, did made it illegal for banks and financial institutions to process transactions for online gambling sites from U.S. customers when it was signed into law on October 13. Regulations that banks need to comply with have yet to be defined. A Government board has until July 2007 to define them.

AGA President Frank Fahrenkopf said the AGA previously opposed online gambling, saying, "Our policy changed back in April when we took a position that we thought the best way to go was to have an independent commission look at it."

Many analysts around that timeframe noted how online gambling actually lead to previously hesitant players coming to the physical casinos, swelling the number of overall casino visitors, which likely helped change AGA's perspective.

So the AGA board of directors will meet December 6, said Fahrenkopf, to consider whether "to support legislation in the new Congress calling for an independent study of Internet gambling to see if it can be properly regulated, controlled, taxed and licensed here in the United States."

Fahrenkopf pointed out, "My guess is that they are going to say let's go ahead and do it."

This past week Terry Lanni, chief executive of MGM Mirage who is an AGA board member, said the UIGEA is "ridiculous" because it was signed into law Oct. 13 as part of a larger port security bill -- and because it exempted horse races and lotteries, and online bets placed while on American Indian land.

Nevada Representatives Jon Porter and Shelly Berkley had previously introduced a bill to create a Congressional Commission to study Internet Gaming this past May. But the bill died. Noteworthy is that both Porter and Berkley were re-elected last week.

In contrast to the prior Congressional Commission proposed, if the AGA votes for a study it has already said it prefers an independent commission such as the National Academy of Sciences to do the study, noted Fahrenkopf, so results are free from the influence of lobbyists.

AGA's board includes CEOs from some the biggest live casinos in Las Vegas, such as Boyd Gaming CEO William Boyd, Harrah's Entertainment CEO Gary Loveman, MGM Mirage CEO Terri Lanni mentioned above, and Wynn Resorts CEO Stephen Wynn, amongst others.

Many bloggers have remarked if these well known casinos launch their own online gambling sites then a large majority of players will play at them because of brand recognition and huge marketing budgets, causing yet another re-alignment in the online gambling industry.

In an interview with Reuters news service, Fahrenkopf also remarked how the stated goal of the UIGEA was to protect American citizens. Instead, he noted, it caused many legitimate and responsible operators to pull out of the U.S. opening the way for unregulated companies to fill the void, since most US players were likely to continue gambling online.

He did not go as far as many others have to call the legislation Prohibition II, as did Pulitzer Prize-winning writer George F. Will in Newsweek's Oct 23rd edition and U.K. culture secretary, Tessa Jowell.

President of the 120,000-member Poker Players Alliance (PPA), Michael Bolcerek, said that results of the Congressional election have emboldened the PPA.

"Our members and other poker players went to the polls. They influenced the federal election," he said. "In the next 12 months we're confident that we'll get a study commission bill. We think an exemption [for online poker] is in order, as well."

Legal expert professor I. Nelson Rose, of the Whittier Law School, harshly criticized the UIGEA, saying how it is confusing and contradictory with all its exemptions, and noting how a portion of the bill even sanctions Internet betting conducted within states and tribal lands.

"It's a public embarrassment...it's a mess," said Rose. "Eventually I think they'll get Congress to change the law to do for Internet poker exactly what they did for Internet horse racing. It's an exemption but (based on) states' rights."

----

Gambling911.com News Wire

Originally published November 20, 2006 1:28 pm ET

fill ya friggin boots!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

more like breaking wind than breaking news ....... all hypothetical hot air ..... if you still a substantial holder of PRTY and the ilk, more like fill your pants than your boots, unless in overflow mode!!

Didn't Party Gaming sell their U S lisences for the pricely sum of 1. So even if the unlawful banning of internet gambling is overturned it would be worthless to PRTY shareholders as I understand it. Can anyone confirm my beliefs or am I going to make a considerable profit.

they can buy it back for a 1...no problem

Not if prohibition is going to be overturned.

the yanks are crap at poker have taken loads of them they are complete shit,

22 million sold only 13 million bought and the price keeps rising? Is someone waiting to snap up a huge number of PRTY shares cheaply bearing in mind that 6th December meeting reguarding overturning of prohibition? Also, Mitch Garber CEO has just exercised 583,333 options, he now holds over 4 million shares.

4.6 million share purchase just gone through, someone knows something.

personally, in this sector i think 365 Media (formerly UK Betting) is a much better bet

Nice to know your still watching cynic. Do you hold on this one, or just an interested bystander.

this company will be taken over by christmas...trust me

PRTY .... No ..... bought 365 a few days ago and perhaps prematurely took a respectable profit this afternoon when Dow started collapsing ...... similarly traded in/out of POG.

maestro ...... sorry to say would not rely on you for the time of day

cynic...you'll see SBT,PRTY,LNG,888 all snapped up before long...SBT will be the most lucrative especially when US anti gaming law gets overturned in the new year due to WTO intervention

So are you all saying that there are probably going to be some huge %age gains within this sector over the coming weeks. Do you have any idea of what the target price might be? Also cynic, do you remember what we were looking at a few days ago, MEO.AX. There have been a few developments on COIL thread pages, just in case your intrested.

So the AGA board of directors will meet December 6, said Fahrenkopf, to consider whether "to support legislation in the new Congress calling for an independent study of Internet gambling to see if it can be properly regulated, controlled, taxed and licensed here in the United States."

what a surprise - the one key word

thanks for the reminder oily, but COIL is too small for me ...... as for this gaming sector malarkey, maestro as usual is talking fundamentally, aka as out of his arse! ..... there is no way that US legislature will overturn the gaming ban any time within the next few months, even if there is a groundswell that it ought to be done, which in itself is not a foregone conclusion.

cynic..you really need a reality check up...lol!

Antigua finds allies among super traders in Internet gaming dispute
published: Friday | December 1, 2006


A computer screen displays an online gambling website. Antigua's quarrel with the United States over market access to its gaming industry was back at the World Trade Organisation this week. - Reuters

The World Trade Organisation (WTO) held two days of talks at the top of the week on Antigua and Barbuda's internet gaming dispute with the United States, from which the twin-island emerged optimistic.

The WTO has ruled in the past that the U.S. was contravening world trade rules by blocking market access, but the large nation of 300 million has so far refused to comply.

Dr. Errol Cort, the finance minister of Antigua, a nation of 69,000, in a statement issued from Geneva said the Caribbean country's position was backed by big trading partners of the U.S., including China, Japan and members of the European Union.

"Major trading partners of the United States have seen it fit to join with us in contesting what we have always maintained is a dispute about granting market access," said Cort in a statement from Geneva, Switzerland, home of the WTO.

Remarkable

"What is even more remarkable is that they choose to become active players in this WTO process, and we believe that a crucial factor in their respective decisions to do so was the pure merits of our case."

The EU's stance on the issue was not surprising given the US$15.5 billion value tag on the industry and the fallout felt by mostly British-based online betting companies after U.S. president George W. Bush signed the Unlawful Internet Gambling Enforcement Act into law, criminalising the processing and settlement of payment linked to online gaming transactions by banks and credit card companies.

Two of the largest companies immediately closed down their operations and exited the U.S. market, one of whom sold part of its operation to an Antigua-based company.

Sportingbet PLC and Leisure & Gaming PLC both sold their U.S. operations for a token US$1 days after the law took effect.

Off-loading debt

Sportingbet sold its U.S. sports-betting, casino business and poker operations to Antigua-based Jazette Enterprises Limited, off-loading US$13.2 million of debt in the process.

Jazette, as a condition of the deal, agreed not to take bets from non-U.S. residents for two years, and not to take bets from customers outside the Americas for three years.

PartyGaming PLC, the world's largest gambling company, also said it had suspended all real money gaming activities to customers in the United States.

Questions

Mark Mendel, Antigua and Barbuda's legal adviser, said the panel would have followed up the talks with a series of questions by Wednesday to the disputing parties, as well as third party interests, the answers to which were to submitted to the panel within a week.

A record of the hearings is to be published December 22, and an interim report on January 11.

"On receipt of the interim report, the parties will be given a period of time to submit their comments and observations on the panel's rulings and recommendations, before the final report is made available to the entire WTO membership sometime in early February 2007," said Cort's statement.

"We have every reason to be confident that - given the merits of our case and the fact that the U.S., having given an undertaking to do so, has done nothing to bring itself into compliance with rulings and recommendations of the DSB - we will prevail at this stage," said Kaye MacDonald, Antigua's Director of Gaming.

- CMC and Financial Gleaner reports

see maestro's other clogging posts on all other gaming threads ...... US does not give a fig what Antigua/Barbuda might think

Fundamentalist, your post #16 hits the bullseye. It is regretable, put it mildly, that some people and companies which makes profits in the tens and hundreds of milllions do not want to pay ANY tax, let alone a fair tax. Too late now.

axdpc .... i think you missed Fundie's point .... surely he is merely saying that if the government(s) can get their avaricious little fingers in the pie, then they will be happy ..... put another way, why do you think it immoral to avoid paying tax?

cynic, not immoral.

In short, I believe in rights and rewards proportional to responsibilities and contributions, no less and no more. We survive and prosper by relying on one another. Paying taxes is part of resource pooling. The government and public services are often neither efficient nor transparent in using these pooled shared resources, mosted irresistably demanded upon most of us. There have always been corruptions, job squattings, wastages and exploitations - probably more prevalent now than before. These had to be tackled, but not by paying no taxes on profits.

Worringly, I see more examples of people in businesses, politics and various professions practicing the following philosophy.

"Do for ourselves what we would not let others do for themselves."

"Do to others what we would not let others do to us."

"Below contempt but beyond punishment."

"Exploit the weak, blame the innocent, deceive the trusting."

:-(((

axdpc .... in the first sentence you agree that it is not immoral to avoid taxes, but then the rest of your post contradicts that ..... i could easily enter a philosophical discussion with you as to whether the individual has an obligation to give to charity, but that is very far from the same as saying that one should regard any government and/or its tax legislation as a deserving cause.

Isn't this thread about the possibility the US Authorities may overturn the effects of the Wire Act which was (it might seem)brought-in without full discussion.?
However, I thought that PRTY had sold the US arm - so, IF the ruling goes in favour of internet gambling, it will be a struggle to get back their customers - OR, did they keep the lists, perhaps?
PRTY has income from Europe and Asia where gambling is a lot more than in the UK....so does the US really matter?
- - - - Isn't this on-going business supporting the sp?
I was not aware the issue was Tax, paying it or not....wasn't the issue fundamental moral? That some Americans hate to see money being made by gambling and may fear their land will revert to the Wild West....I can understand US Government wants to have a share of the profits (ie Tax), but I am not aware that was ever the issue - please enlighten, although for the present PRTY does not need US gamblers - do we?

Hangon, the US supplied PRTY with approx 75% of its income before prohibition. Whilst its true that the Chinese love to gamble and the market has huge potential in Asia, the future has something to offer. If the US government want to be seen to be fundamentally moral, why is Vegas and every other gambling institution still open in the states? Answer, because they pay tax. The US government were fed up of seeing what they consider to be their money being taken away. With regard to the gaming lisence, if i'd bought it and things changed I would be selling it for what its worth. I would not be giving it away as a few have suggested on this thread. Thats business.

Some sort of code being used today, 3 sales of 49 shares went through as automatic trades every half hour approx. Considering that dealing charges come to almost the value of the sales, either someone is throwing away their stock or signaling someone else. Does anyone know what these codes mean between brokers.

Ooh look, another 1p rise, is this anything to do with the codes.

oilyrag - I like your thinking, it was a very strange group of trades.

lot of upside potential in these shares at current price 30p - dont know why more arent buying. the volatility also makes for good daytrading

upside????? ...... you can see how impressed the market is by the "advanced talks" with Empire ..... why on earth should sp surge if PRTY are buying? ...... not even much if any upside even if PRTY were the target

PartyGaming to Reopen its PartyPoker brand to US Market?
Rumors have been flying in recent days that PartyGaming will reopen its PartyPoker internet poker room to the US market. Following President George W. Bush's 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.

PartyGaming is set to become even larger with the acquisition of one time rival Empire Online.

Noam Lanir, owner of the online gambling company Empire Online, is selling his remaining shares in the beleaguered company to arch-rival PartyGaming for $40 million, it was reported today.

According to a report on PokerNews.com, Lanir appears to be finished with the gambling business following his decision to sell his remaining stake in his company.

Empire used to provide online poker to their players through a Party Poker skin (Empire players played with PartyPoker players but under an EmpirePoker banner, similar to how many of the internet poker networks operate today). The two companies were later involved in a well-publicized falling out when PartyPoker decided to cut their numerous skins.

While rumors regarding PartyGaming's re-entry into the US market cannot be confirmed, Gambling911.com can confirm that the company will embark on a new sports betting format exclusive to Canadian customers, slated to begin in January. The new sportsbook, which would take on the "Party" brand name in some form, was also slated to become a Gambling911.com Endorsed Sportsbook. Gambling911.com has been in the process of revamping its sponsorship platform by entering into contracts with online gambling companies that only offer full service wagering menus (i.e. those that include betting on a wide variety of international sports, full access to lines, extensive future betting opportunities, original bet offerings and novelty propositions, including professional sports player props).

Gambling911.com' aggressive search engine optimization program has resulted in its heavy online poker and sports betting exposure, culminating in heavy media exposure over this past year.

-----

Christopher Costigan, www.gambling911.com

wish it was possible to edit other people's posts, for then i could highlight all the times maestro's post above (and many many others he has posted) reiterate words like "rumoured" and similar .... the only piece that would seem to have any substance (and even that is prefaced by circumspection) is that Lanir of Empire is selling the rump of his stake to PRTY to $40m ..... wise chap!

WOW maestro ...... hope you filled your boots with these just before Christmas as you said you/we should (you muppet!) ....... 115m new shares are sure going to get that sp surging

But, are the 115m new shares in place of the EOL shares?
I hold EOL & it looks like they are going to offer me PRTY shares for my EOL ones. (Unlike 365, where SKY will not exchange my 365 for anything except cash or loan notes).
If that's the case, it's not really a dilution as PRTY would then have the EOL assets.

well jolly good luck to you! ....... i am not intelligent enough to work out whether or not the extra shares are a dilution of PRTY equity, though my guess is "yes" ...... anyway, who the hell (other than maestro) wants to hold crap shares like PRTY?

Not sure what your reaction is based on cynic.
You seem to be of the opinion that this sector is dead in the water.
I am of the opinion that internet gambling will continue. (The rights & wrongs of the moral arguement don't, imo, come in to this yet). If Europe starts to clamp down, like the U.S., then you may well be right, but until that happens & with the gambling companies consolidating, I believe that the main players will be the only ones to survive. All the little companies will be swallowed up.
PRTY is a main player, imo, though I must admit that I have never held their shares (had SBT, 365 & 888) & for every company that they take over, their position must surely strengthen.

IMHO It's diluting....only if the new business income isn't worth the extra cost. It might seem clever to use shares, but if PRTY is itself undervalued, it would be better to pay cash (due 6-months time, when we can see what we've got)
... Since this is being sold because the owner is moving into investment (I understand), then perhaps it is a distressed sale, therefore earning enhancing. However, there comes a point where PRTY has registered all the World's gamblers and there is no point in buying small companies, unless they have a novel game (for example) which they hold some IP rights to.
The value of PRTY is not just the gamblers, these people are either wealthy, or poor - forget the poor and you have access to high-spenders who will attract advertisers (for up-market goods, etc.). That is the real value of PRTY and why I hold at these prices.
Gambling could be banned, but folk will do it anyway - so better it's Regulated, eh?
What surprises me is that the US-situation was known by all, even people outside PRTY - so why are they re-jigging their Options? Were the Execs so dumb they didn't move the business away from such a large risk....possibly not, but that should tell shareholders those execs don't deserve Options at all....

PRTY and several others were 80/95% reliant on USA for their income and profitability ..... Just a few, like 365, wisely with hindsight, focussed on UK and Europe ..... I fail to see that PRTY will become a properly profitable company any time in the near future if at all - unless you fondly believe that US will change its stance within the next 6/12 months or even within the foreseeable future (i.e. 2/3 years).

I don't know what PRTY's market cap is now, but clearly a fraction of what it was just a few months ago ...... on your logic, that should have made PRTY a cheap snack for someone ..... very clearly no one thought the company of the slightest interest and today's non-movement of PRTY indicates that the market considers similarly (and it is rarely wrong).

Your money; you do as you like, but in my not at all humble opinion, you could make far better use of it in a myriad of other "proper" companies.

Sorry cynic, I think PRTY has interests in Europe and the far East, so whilst US was the Lion's share of profits, it wasn't the whole lot.
Punters were panicked and fell for the low sp, despite good funding and gambling being on the increase. Better to have it in the open than risk it going underground IMHO.
The US situation occurred because good men were caught-out (off guard), the leglislation ws not intended to cover modern gambling over the internet since it hadn't been invented...that's my take...the reality is that US gambling is stopped for now; so PRTY needs to address all other areas PDQ.

Not sure that I agree, hangon(your post 37). Surely most of the revenue comes from punters who sit for hours in online poker rooms & steadily lose their money? And also I can't believe any company would consider that they have the entire global market of gamblers! I do agree that it is very surprising that non of the U.S. facing companies saw what was coming.

Cynic - If the strategy of 365 was correct, then their acquisition was a very good move by SKY. Thus, qed, SKY should now be an attractive share??? :o)

hangon ..... my memory, alzheimerish as i am, is that PRTY achieved at least 90% and maybe 95% of its profits from USA ..... Shares Mag did a synopsis a couple of months back.

harry ..... your premise is not quite logical .... BSB (assume its one and the same) may or may not be a good investment - not currently on my radar ..... while it is true that BSB thought (correctly?) that 365 was something of a snip, it depends how significant an impact that will have on their overall profitability.

Let's suppose for a moment cynic is right, then what possible logic is there to re-jig Exec Options (that old Win-Win freebe) because now the sp has fallen so far they have no incentive? ...seems to me they had the moral incentive (to maintain shareholder value), but not the Competance.
The clampdown on US gambling was entirely expected and demanded robust activity to reduce dependance on the US...but they did nothing as far as I see....if the accounts come out soon, we will see this all too clearly.
It really grieves me that Directrors can issue themselves with large chunks of our company.....Options should be illegal.
For small research companies with no cash there is some logic, so as to keep the Team together until the product reaches the Market....I suggest that when the MKT cap is less than the Turnover, all options should cease, without reward. Furthermore it is possible that any company with a turnover over 2m should not be allowed to offer inducements like Options.... except where a company sp has fallen over more than 12-months and new execs are brought-in then those joining might be justly rewarded with Options (but not many) based on the notion that the sp is restored to former levels for at least 3months. I believe all Options, bonuses and such rewards should be subject to Shareholder appoval with a minimum shareholder presence of 50 non-employees, at the AGM.
I hold PRTY.

http://www.partybets.com
doing really well...

yup .... when PRTY rockets by a whole 0.25p it's time to break out more champagne!

If you included shorting, you'd crack open a bottle every minute or so. Then you probably wouldn't give a fizz what was happening to SP.

bought back in this morning at .32p 30,000 shares. It looks like they are ready to take off with consolidations.

janet...good move,shame about Oxus though

Prty was a top performer on the opening day of this years Hemscott uk stock challenge competition. Long may the rises continue and good luck to all other holders.

well Cynic - shares are up 20% in the last week, nice profit as I predicted, probably room for more.

i still do not like the share at all, though i am more than happy to admit that you are right, at least at the moment! ..... Figures are hard to dispute (lol), albeit that it is from an historical low point

Dont panic lads.........UBS released 160 million new PRTY shares today at a price of 30.5p. .......... All the deals going through at that price are in fact purchases and not sales. Approx 400 million purchased by 10 am............ Tommorrow I would expect a huge increase in the SP when the dust settles and the market realises the full extent of this floatation.

Thanks for this reassurance Oily. I wondered what was going on.

Turbot

oily ..... i am not only thick but also far from a lover of this share .... but why on earth should anyone "expect a huge increase in the SP when the dust settles and the market realises the full extent of this floatation"?

By huge, I mean about 10% rise of 3 or 4 pence. The reason I believe it should rise is that the market makers have oversold the floatation shares by about 3 fold. The brokers will have to go back to the market and purchase about 240 million shares, to fill all the orders they have sold. That amount of trade is approx the equivalent of 10 days trading. Surely the price will rise unless the market allows the new share holders to sell their allocations at 2 pence profit approx per share in which case the price could fall. Of all the tranactions yesterday, one in particular caught my eye because, it was for 60 million shares at a cost of 18.3 million. Who invests that kind of money unless they are sure of what they are buying. Once the chancers and profiteers have cleared out, I feel this will rise against todays price................. What are your thoughts on this cynic?

i think the company is shit ....... i think you will also find that the founders are still bailing out of millions and millions of their shares, and if i saw correctly, so is (at least) one of the institutions

try this .......

It looks as though the founders of PartyGaming have been selling more shares in the online gambler, down 1p at 32p.

Total turnover in the company's shares swelled to more than 510m today as broker UBS successfully placed with various institutions a parcel of 160m (4% of those in issue), worth an estimated 52m.

PartyGaming's main founders, Anurag Dikshit, Russ DeLeon and his wife and former porn film maker Ruth Parasol, between them still hold around 60% of the company and have been sellers of the stock since it floated less than two years ago.

They sold a big slug of shares at the float price of 116p last year, but since then the price has slumped following the introduction of anti-gaming laws in the US in the autumn.

and this, which shows what confidence he has in the future of the company ....

PartyGaming fell 4.4 per cent to 32p after UBS placed 160m shares at 30p on behalf of former director Vikrant Bhargava.

There don't seem to be much of a rise so far today oily! I think you will be lucky to get 10% today.

I didn't say today.

and have also seen that at least one of the founders has dumped 50% of his holding since floatation ....... now that really inspires confidence

Yes you did oily
"Tommorrow I would expect a huge increase in the SP when the dust settles and the market realises the full extent of this floatation"

maybe he is putting some of it into a spread bet....alot of directors do that...save on tax

hahaha! ...... he will have already crystalised a huge tax liability by selling in the first place

check it out cynic..Founder yes but director no !!!

LATIC .... did you actually read what I wrote? ..... Perhaps I am going blind (always was a wanker), but can only see that i wrote "founder" perhaps 6 times and ZERO mention of director ..... think i may have posted "former director" at one point .... however, are you telling me that the current directors have (virtually) all the shares they started with, or even bought more at the price some of you think is cheap? ...... bet they don't ..... indeed, i suspect that the founder-directors have no more than say 60% of their original holding, and perhaps that is being generous.

i am sure you will tell me if i am wrong!

cynic..Your;re not wrong but but i just wanted to stress the man is no longer a Director.

and the other directors? ..... what of their holdings?

lots of money to be made here on short term trading.... go for it folks

buying or selling?

both???

be aware of the old adage and possible truism that when your broker (maestro!) says buy, you ought to sell ...... my "broker" reckoned this was a red hot share and one should fills one's boots ...... well if any of you did, i sure hope you bought at the bottom of the pit and bailed out 7/10 days ago when sp made a puny attempt at recovery.



green = 9 dma
red = 25 dma

IMHO, the founders took tons off the table for themselves and in return left the greatest risks with the punters ...

Outcry as US targets City firms over online gambling

normal IPO then axdpc :-)

Fundamentalist :-) Yah, IMHO seldom in the history of IPOs have so much been taken from so many to give to so few ... !

and i thought i was the cynic round here fundy! ..... clearly "a bit of reality" is proving slightly contagious

cynic ..you should have took your brokers advice. LOL.

personally, would not touch on-line gaming shares with a bargepole .... much easier ways of making money

cynic...you'll never get rich with that attitude...he who dares

FILL YA FRIGGIN BOOTS!#

UK gaming takes on Europe
By Mark Choueke, Sunday Telegraph
Last Updated: 11:52pm GMT 10/03/2007



Britain's leading gaming companies intend to use a ruling from a top European court to fight for greater freedom to operate around Europe.

The Continent's state-owned monopolies have so far been reluctant to open their markets to foreign competitors. Many such monopolies are being challenged in a variety of courts by individual British bookmakers, online gaming firms and betting exchanges. If the $100bn (51.7bn) European gambling market were opened up to allow foreign competitors to trade freely it could be worth $140bn by 2012, said experts.

The UK companies said last week's European Court of Justice (ECJ) "Placanica" ruling that Italy's restrictions on Liverpool firm Stanley International Betting were discriminatory and out of step with EU law, will prove vital in their individual battles. The ECJ ruled that countries can write their own rules on gambling, but if they allow gambling companies to operate, they cannot discriminate against or restrict licensed competitors from abroad.

advertisement
Ladbrokes is currently fighting on four fronts, challenging Sweden, Norway, Denmark and Holland over trade restrictions. A spokesman said: "We are looking at how we can use Placanica to fight our cases. The market has to be prised open, the judgement makes it difficult for nation states to bring criminal proceedings against us."

Gala Coral chief executive Neil Goulden said the ruling brings the UK "one step closer to breaking down the European protectionists".

Betfair, the betting exchange, is currently trying to break into Germany where the authorities fear entry of foreign companies may encourage sporting corruption and financial fraud.

But Betfair managing director Mark Davies said all the UK companies fighting for free trade are not only well regulated but also "a million miles ahead" of the European monopolies in crime prevention. "Our British gambling brands can share our methods of crime detection with others in Europe if they allow us in. Betfair has a fraud and integrity team 60-people strong. Their reluctance to let us in has more to do with each country wanting the UK kept out to allow them time to develop their own gambling services and products which are less developed than ours," he said.

Warwick Bartlett, lead partner at Global Betting and Gaming Consultants, predicts the European market will be worth up to $140bn by 2012 if restrictions on trade are removed. "What the Europeans are saving in revenue by protecting state monopolies is less than the earnings they could rake in through tax revenue, jobs and foreign exchange if they lifted restrictions."

The EU commissioner for internal market and services Charlie McCreevy said the judgment will have "an important bearing on other EU countries."

Whats the news! Can't find a thing !

news at miday - partying gaming was the top performer on rehashed talk the us could relax its gaming laws. This is the reason for todays rise.

Apparently the reason is more like to be this janetbennison.

Stocks Surge Following Hopes that Charges Will be Dropped Against NETeller"

"The gaming sector was in demand on Wednesday. 888 added 4p to 120p on talk that Ladbrokes was about to come out with its bid, although some traders doubted this, saying Ladbrokes had been distancing itself from a move on 888 recently.

Other tales to explain the buoyancy in the gaming world, according to the Guardian, included a suggestion that charges against the founders of online payment group Neteller, suspended at 176p, were about to be dropped in the US. Alternatively there were hopes the US would introduce a new bill to water down some of the more draconian anti-online gaming measures. There was even talk that Gordon Brown was planning tax breaks for the industry in next week's budget.

None of this could be confirmed but online gambling stocks rode the wave of speculation Wednesday. The trend continued throughout. PartyGaming put on 3.5p to 41.5p and Sportingbet 2.5p to 58.25p.

A hearing will be held Friday to determine whether the US government pursues its case against two NETeller co-founders. Both men were charged in January with racketeering and money laundering.

blue lady the news I left is from the afternoon news from money am. I appreciate your news above and must say the rise could be to do with your news above. I sold my stock today. I may buy back in when the market stabilises. Thankyou.

Hi janetbennison,

Who knows the real reason for the rise, the main thing is the share price rose.

This I found from another BB.

Gaming Shares Rise as FT Says Frank Wants Ban Repeal (Update1)

By Louisa Nesbitt

March 14 (Bloomberg) -- Online-gambling stocks rose after the Financial Times said House Financial Services Committee Chairman Barney Frank wants to repeal a law passed last year that criminalized the industry.

Shares of Gibraltar-based PartyGaming Plc, the world's biggest Internet poker operator, rose the most since 2005. 888 Holdings Plc and SportingBet Plc also advanced in London.

``I am working on legislation to cut back on this Internet gambling thing,'' the FT cited Frank as saying on its Web site, referring to last year's law. ``I think it's preposterous,'' and the law is one of the ``stupidest'' ever passed, the FT cited him as saying. ``Maybe we can make some money off it,' he added.

Online-gaming stocks plummeted across Europe in October after Congress unexpectedly banned the collection of credit-card payments from gambling Web sites. PartyGaming lost about three- quarters of its revenue as a result of ending U.S. operations, while 888 lost about half its revenue.

``The slightest indicator that operators may get business back in the U.S. is going to get speculators coming in,'' said Andrew French, a sales trader at E*Trade Securities in London.

Stock in Gibraltar-based PartyGaming, the world's biggest Internet poker operator, rose 4.75 pence, or 13 percent, to 42.75 pence, the most since Dec. 8, 2005. Sportingbet, the owner of Paradise Poker, gained 3 pence, or 5.4 percent, to 58.75 pence. 888 added 4.5 pence, or 3.9 percent, to 120.5 pence.

Payment Processing

To crimp the flow of funds to betting sites, Congress passed the bill Sept. 30 to bar credit card companies from processing payments for the industry. Bush signed the measure into law on Oct. 13.

http://www.ft.com/cms/s/357d90ac-d29c-11db-a7c0-000b5df10621.html

Gaming shares up on hopes of end to ban

By Stephanie Kirchgaessner and Jeremy Grant in Washington and,Roger Blitz in London

Published: March 15 2007 02:00

Shares in online gaming companies jumped yesterday after a powerful Democratic lawmaker gave the industry a glimmer of hope that the sweeping ban Congress passed last year might be repealed.

Barney Frank, Democratic chairman of the House financial services committee, told the Financial Times the ban, formally known as the Unlawful Enforcement Gambling Act, was one of the "stupidest laws" passed.

"I am working on legislation to cut back on this internet gambling thing . . . I think it's preposterous," he said.

"I'm looking for ways, maybe we can make some money off of it," he said, signalling that he could be considering a proposal to make online gaming legal by regulating - and taxing - the industry. A spokesman for Mr Frank said he had not yet drafted any legislation and was still at a "thinking stage".

Although the Massachusetts Democrat represents a potentially powerful ally to pro-gaming interests, people who watch the issue in Washington expressed scepticism about the prospects for repeal. "It would be hard enough to get through the House. It is not clear how it gets through the Senate," said one lobbyist.

Under the rules of the upper chamber, a single lawmaker can - in most circumstances - block legislation from getting a vote. A spokesperson for Jon Kyl, a Republican senator who supports the ban, said he would oppose any effort to repeal the legislation.

Mr Frank said he was not ready to provide details about his proposal. "I am not ready to get into specifics yet. People have come to me with some ideas. Not Al D'Amato . . . and I'm looking at it," Mr Frank said, referring to the former New York senator recently named chairman of the Poker Players' Alliance, a lobby group that is fighting to legalise online poker.

Mr Frank's remarks prompted PartyGaming's shares to rise 12.5 per cent in London, while 888 Holdings was up 3.9 per cent on revived hopes of a takeover by Ladbrokes, the British bookmaker. Sportingbet, also the subject of a bid, was up 5.4 per cent.

Shares in the online gambling sector, rapidly seeking to consolidate, have been battered by the US ban and are vulnerable to worries about regulatory pressures.

A Washington lobbyist said that although Democrat Harry Reid, the Senate's majority leader, represented the gambling state of Nevada and had expressed reservations about whether online gambling could be regulated effectively, he was far from being an ally to online gaming interests.

He said yesterday's surge in share prices in part reflected the fact that investors did not understand the hurdles facing such legislation, which he said had less than a 50-50 chance of passing.

Greetings All

Sure turning out to be a white knuckle ride this one.
I don't seem to have the stomach to watch the sp gyrate so much.
Little worried it could drift down as quickly as it came up.

Regards

I sold out yesterday sold some in the morn at 40.75 then I sold the rest in the afternoon at 45.3p the day before they dropped down to .37p when last fri I could have sold at .415 like you say this can be up one day and down the next. I read a comment this moring that there is a less than a 50 percent chance of the bill being passed. I would buy back in a a lower price. with some more news they could go to .50p. Need to watch very carefully. I wish you all the very best of luck.

sensibly acted Janet!

this has been great trading share buy on the dips and set sell prices 2-3 % up lots of money to be made here

Hi All

Sure sgree with you in principle, but my timing seem to be out of synch.

I seem to get sucked into each rally and it hurts.

Cheers

casinos thrive on people who reckon they can beat the system! ..... have no reason to change my mind that this sector is best avoided, at least with real money ...... it's not even as much fun to watch as the lamented SUB which at least had an exciting product, even if it could not get it to work

amardev re my previous post - I had 133000 shares in prty 15.3.07 in the morn I sold 110,000 at 40.75p I decided to keep the 20,000 remaining in the afternoon when they went up to 45.3p I had to sell. If my timing had been that I had sold the lot in the afternoon I would have been 4,938 pounds better off. The idea now is to buy back in around the 38p level. I never get the timing right at the best of times. Good luck and be careful with this one it is up and down like a yo yo.

By implication then, cynic, the casinos and other gambling organisations are on a winner as we all know that the 'house' always has the advantage. This makes them cash generating machines with an endless supply of punters. I can't think of many other businesses which can boast this.
As for an exciting product, gambling is gambling! Dogs, horses, cards, roulette, football or spreadbetting, the last of which I think you are involved with.
One last point, why is gambling any more risky than oil exploration? The latter are often running at a loss & most wells are dusters.
Sorry, don't mean to become over philosophical here, but the only thing that has badly affected the gambling industry is the U.S. prohibition. Moral arguements aside, how can gambling companies lose when they have stacked the odds against the punters?

it's ok Harry ... actually i use CFDs rather than spreadbet .... i happen not to like this sector which is not based on moral grounds at all, but merely because i think that in the present climate, it is not the place to put one's money .... as for E&P companies, i also agree, which is why i hold only relatively small quantities of GOO, CHP, UMN and GTL and DOO, the last 2 being almost the same category .... of those 5 companies, i shall be very pleasantly surprised if more than 2 make the "big time" .... the rest of my portfolio is pretty much quality and proven stocks

perhaps should have mentioned BFC too, as that is coming up trumps and which, with only a little luck, will "improve" by a further lump!

Thanks for your thoughts Janet.

My own view is that the sp will consolidate @ 40p.
Unfortunately, I bought in at a higher price.

Cheers

Greetings all

Are we seeing the sp form a base .......... before another breakout.

Any other views, very welcome.

Cheers

Greetings to you all.

Gone very quiet on this thread.

Where to now ......... for the s.p.

Would love to hear your views.

Cheers

Greetings to all

Getting a bit lonesome, talking to myself on this thread.
Let's hope they don't lock me up.

Thankfully I'm in profit at the moment ................ would like some company .....
so share you're thoughts.

Regards
Amar

The trouble is that not much is happening with PRTY. Very little on the horizon for them. Try the SBT thread. BWIN are looking to become larger than PRTY & as a result PRTY are going to have to become a bit more pro-active.

So all investment is gambling?
I beg to differ, although taken as a whole it can look like it since a sp is in the hands of "Market forces"....
However, Harrycat started to defend share-based investing (I think) but then thought better of it...if I may add 2p-worth:-
Gambling on horses, casinos and so on is gambling because it redistributes wealth amongst the players - although the "house" takes a large chunk in probability it is not a huge % of the money that passes-through otherwise punters wouldn't do it. Sure the bright lights, plush carpets, free drinks and lovely ladies all have to be paid for - but that is a small % of the throughput. One aspect that needs careful control is the cash...since it would be easy to use a casino as a money-laundering machine.
Now shares:
Let me start by assuming the investments are real companies and not some minor-player with litle chance of success which is billed as a dead cert - only to die a year or two after floatation and several Rights issues.
Furthermore it's true many (mining etc.) companies are particularly risky and I include Biotech/Pharmas in this - but is it a gamble?
Only in the strick sence it might, or might not....but that isn't the same as gambling where nothing is created, indeed without new money gambling would eventually disapear since the "house" would own everything. With investment the company has assets, it has drilled here (and there) and found zilch - but at least (if they are smart) they will understand the geology better - sooner or later they will hit (Oil/Gold/Zinc etc.) and then shareholders will receive a dividend for their patience. Tis is proven by the large players, like BP, Shell, and several mining Co's.
So investing increases wealth of everyone involved...the locals have employment, the agents, shipping and Comodity-traders...as well as investors (us Punters). provided we are lucky - but even that isn't so - for any well-organised company (and there are relativly few!) will have several projects to spread the risk and to give income over the coming years - ie not a flash in the pan....
Theerfore if investing is done with solid businesses and with good management that is not gambling.
However, for many of the minor-companies listed on AIM (and lower) there is some perception it is a gamble because they are not well organised...they are not run by good management...and they are very likely to fail....although they won't tell you this until the crunch comes.

It is my opinion that Directors shoul be paid on a rolling-basis - so that their money is held in a trust, operated under the control of retail shareholders (ie no director, or crony control) with strict rules such that provided the Mkt Cap of the company is rising they get their salary, delayed by a few years, gradually as the company introduced dividends the delay is reduced, until the company is fully lish=ted and sits about half-way along the FTSE 250 when dirctors are paid just 2-years after they perform. They can't run-off or invest in a silly project because any fall in the Mkt cap will affect their own money - in effect their perfpormance and reward are linked by a legal framework. Forget share-incentives, special deals, pensions etc. these guys are going to be well rewarded if they perform well - if they don't then they weren't worth much - and shouldn't get much.

Hmmmmm....very interesting 'hangon', but a gamble is where the person who places the money has no (or very little) control over the outcome, regardless of whether the odds are in his favour. So investing in a blue chip company is technically as much a gamble as in investing in a high risk AIM company. Only the odds of increasing your stake are better. I was not intending to defend any kind of speculative investment (Marconi was blue chip, but went badly wrong).
The only other point I was making was that spreadbetting or CFDs are, imo, very much more of a gamble than 'normal trading' as the spreadbetters are not really interested in the stats, just in short term price movement.
I certainly DO NOT agree that gambling is gambling 'cos it redistributes wealth amongst the players. It does NOT. Most gamblers lose to 'the house' or the bookmaker.

gambling and investing on the stockmarket are as different as an escort is from a prostitute

Workers in the sex industry seem to appear regularly in your posts, cynic!
Is there some link between investing & soliciting that I don't know about? :o)

i'm just an old tart who gambles with investments on the stockmarket!

dont encorage cynic please harrycat..............he's one of those tiresome people with inane comments which dont mean anything. he goes from thread to thread each day typing endless trivial stuff.

thankfully moneyam dont have many comments each day on the threads

I think we should nip this one in the bud now, before we end up with the usual insults.

nice profit this week for all holders. 15th march, I bought back in at 42.2pence 28120 shares. 21st march I sold at .4451pence. this was a bad move, but I still made a profit. I would never have thought they would have gone up like they have done. Do you think they may drop next week. I read on the london stock exchange news yesterday that they have gone up more than the target price. I still hold 33,300 sbt that I brought this tues, they have gone up to .70p. 650.00 profit on prty and 2331 profit if I sell sbt on mon providing they do not drop in price. You can make money on the gaming shares but they are very risky. Or should I use the word (VOLOTILE). I paid .63pence for the sporting bet. Good luck to all holders. I am surprised cynic has not had a little punt just to have an interest in the subject. Recently I have decided to not have so many minows and am investing more in blue chip companies. This has proven to be quite profitable. Hopefully I can recoupe some losses made on the minows, as a lot of them seem to half in value or more on me. I could mention a few but I shall leave that to a later date.

Janet ..... i do not like this sector at all ..... a much better and almost guaranteed very very significant profit would have been to put your money on PXC ...... all very well and openly flagged ...... bought at 14 double up at 15 and arguably should have doubled up again at 16/17, but that would have been pretty greedy with much still unknown ..... it now looks as though the bids for PXC will have to be >20p, as that is apparently the indicative marker from BT, though that still has to be confirmed ...... however, if i can buy at <18 on monday morning, may very well have a further pop

I actually held these shares some months ago pxc. I think I paid around .125pence per share. There was a lot of talk of takeover on the company then. I must say that this does now look to be a good one I may buy in on monday at .18p. I did think abount this yesterday morning, but did not bother. I hope you are doing well with your investing. I must admit you were correct about having some good solid stock and just a few minows. That is the way forward. take care richard from jan.

dont worry about WHY a share goes up......just be thankful you OWN them when it happens.....and DONT hang on for that extra tick before taking a profit..IT MIGHT never happen, but even if it does...MOVE ON to the next trade.

janet .... glad my advice was some use then (lol!) ..... you might like to take a look at POG too as a really good gold mining stock .... Merrill have put a target of 20.00 against today's 11.20 .... shall also be taking a further look at NAE which i already hold with a view to perhaps adding

I have put pog and nae on my watch list. I will let you know what I think later on in the week.

Greetings to you all.

Nice to read your postings and thoughts.

Re prty janet ......... I took profit on Friday afternoon.

Didn't fancy holding over the weekend.

Seems to me that after the news comes out they tend to drift back (remember I got sucked in last time ......... also , this is not really any fresh news)

So, Janet, I'm looking for a pullback to around 47, before another upward march.

Do any of you use charts with any suuccess?

Cheers
Amar

yes ...... but not on this stock as i don't like the sector at all

amardev if you are correct and prty do drop back down to around the .47p level. Then I may buy back in. Things are definatly changing all of a sudden. Gordon Brown has now decided in the budget to charge income tax on internet gaming. Charges are being dropped in louisiana, spelling may be wrong. I decision tomorrow will be sbt whether to sell or not. Has anyone heard any more news on this one being taken over by bwin. Time for a cuppa. good luck to all.

I have had some fun with these PRTY, I CFD them at 45p, there is a 20% margin on these so the leverage is only 5 times, still have more than doubled these guys...

Iagree Janet things are looking much brighter-I am now back into prty and sbt in a small way. I'm hoping to make back my previous losses in fact if I'd held my nerve and doubled my holdings I'd be well up by now!

I am still way down with losses from these gaming shares from back in october. I keep getting some money back here and there but I still have a long way to go. If we all had the crystal ball and could see what is happening with these shares we would be all on to a winner. We will have to keep plodding on. Sometimes we will win and sometimes we will lose. A fortnight ago I had 133,000 shares in prty, I sold some at .40759 and in the afternoon some at 45.3p. I bought 28,000 back at .42.5p sold at .445p. Then my bottle went. I thought then that they had gone as far as they were going. Then look what happened they went to 55p. Unfortunatly I did not replace the 133,000. Lets see what the coming week brings. This is all good fun. good luck. I think we all need a little.

Janet ..... draw a line under old losses and certainly do not be foolish enough to try to recoup same from the stocks that cost you so dear ..... move on .... if by some fluke, these gaming stocks look genuinely attractive, then buy them but on their merit on the day

I think PRTY will continue to go upwards. It was oversold and with recent European Union support on internet gambling and release of charges on SBT directors on this issue, this has to be a BUY.

Maybe, but BWIN is planning to out perform PRTY.
PRTY need to broaden their customer base or be left behind, imo.
Moral: If you can't afford to lose it, don't buy.

Great to hear all your different points of view.... that afterall, is what makes the market place.

Cynic .. we all know that Torex is currently suspended ............... did you have a view on it, when it was making positive noises back in November.

Cheers
Amar

ps. good luck to all traders

Greetings hlyeo98 ................ I agree there is more mileage in prty.

But surely it can't 'continue upwards' in a straight line.

I still feel a pullback, consolidation, then an upward march ........... to who knows where. I could be substantial as these climbs are all new highs, after the rout of last year.

Cheers
Keep posting
Amar

amardev .... sorry but have never even looked at that stock .... not even sure what they are supposed to do, but clearly did not!

Thanks anyway cynic.

I only asked the question, to debate your view on investing / gambling.

I bought into the story ........ had 150k shares a week before they were suspended.

At time of suspension I was holding 25k shares. IT HURT!

Regards
Amar

sorry to be dense, but note that torex was something to do with retail software ..... what is the link between that and investing/gambling ..... with regards to the last two words, i think there is little difference .... one is just a euphemism for the latter - i.e. a way to try to make or lose a quick buck

Looks like the onslaught on online gambling is not over yet...bad news below.


BETonSPORTS founder arrested in Dominican Republic
Friday March 30, 08:26 PM

NEW YORK (Reuters) - The founder of the London online gambling operation BETonSPORTS, Gary Stephen Kaplan, was arrested late Wednesday in the Dominican Republic, a U.S. attorney in Missouri said on Friday.

Kaplan was indicted in June by a federal grand jury in the Eastern District of Missouri, the U.S. attorney's office said in a press release. The indictment accuses Kaplan and 10 others of engaging in racketeering, conspiracy

(Advertisement)
and fraud, arising from the operation of Costa Rica-based Internet gambling businesses, including BetonSports.com.
Following Kaplan's arrest in the Dominican Republic, the U.S. attorney said he was sent by Dominican authorities to Puerto Rico to make an initial appearance before a U.S. Magistrate Judge.

The U.S. attorney's office in St. Louis, Missouri plans to ask the Magistrate Judge to order that Kaplan be sent to St. Louis immediately or be held in custody pending a hearing to remove him to St. Louis, and that he be held without bond.

BETonSPORTS, which once traded on the London Stock Exchange, was forced in August 2006 to close down its U.S. business which accounted for 95 percent of its profits.

The U.S. crackdown on online gaming began last July with the arrest of BETonSPORTS Chief Executive David Carruthers during a layover at a Texas airport.

old news mate....was arrested thursday anyway

recent news last week

DOJ May Drop Charges Against Gary Kaplan Family Members
Rumors abound that BetonSports founder Gary Kaplan's arrest in the Dominican Republic was no coincidence and its timing had nothing to do with the World Trade Organization decision related to the United States "illegal" online gambling ban.

"G (Gary) is a super smart guy...always has been no matter how he conducted himself," a valuable source tells Gambling911.com.

It should be noted that Gambling911.com sources warned of massive arrests on Wednesday. Approximately 12 hours after our initial report, over 70 people were arrested throughout the day Wednesday, resulting from their role in a lucrative bookmaking operation. Kaplan was arrested later that evening.

According to stories coming out of Costa Rica, Kaplan's wife wanted back in the United States. Gambling911.com can confirm that she had intended to leave Costa Rica years ago and live separately from Gary. One of the reasons Gary chose to bring his company public in fact was an "escape route". He wanted to eventually leave Costa Rica and live with his wife and children back in the States.

Our source has disclosed that Gary Kaplan was already in negotiations prior to the July indictments with the IRS to pay taxes so he could return home.

"G met in 'Dom' as a 'safe' place to negotiate with DoJ," our source adds. "(There is) some sort of deal on table including disgorgement and
dropping charges against family members."

Many industry experts questioned what Kaplan had been doing in the Dominican Republic, a country that has a strong extradition relationship with the United States and is only a short flight away from Antigua, which has demonstrated it is willing to protect online gambling operators and provide them with a safe haven. Kaplan also had strong ties to the island nation. BetonSports maintained a license and accounting facility there.


Once brimming with activity, the BetonSports reception area is now dead quiet and closed

Furthermore, another co-defendant in the BetonSports case is still at large in Costa Rica. Norm Steinberg, who ran BetonSports sister gambling firm Millennium, freely moves around in the Central American nation. Steinberg has served some prison time for a violation unrelated to internet gambling not more than two years ago.

The only other co-defendant still "on the lamb" is Peter Wilson. He is not believed to be considered a major target in this case. "Peter Wilson" (AKA Peter Wolf) is also believed to have been an alias. Wilson was turned by BetonSports executives when he attempted to find out what he should do in regard to the complaint. Wilson was merely an "employee" in the enterprise, much like some thousand others.

Gary's sister is facing a 20-year sentence if convicted. Reports suggest she was not a major figure in the BetonSports organization during her tenure there. Aside from CEO David Carruthers, none of the British Board of Directors are yet to be charged with any criminal activity despite failing to pay out millions to customers.

A brother, Neil (AKA Scott) is believed to have had little to do with BetonSports daily operations much of the time the investigation had transpired.

Neither Neil or the sister (Laurie) have any prior arrest records. Most of Gary's family members were made aware of his arrest by late Wednesday within hours of his detention.

The legal team representing Kaplan family members has been working hard to move the venue from St. Louis to Florida.

In an interesting twist, the US government has reportedly been waiting on the outcome of the World Trade Organization decision before scheduling a trial. The defendants cannot use the WTO in their defense since they were not specifically part of the complaint brought by Antigua and against the US. The United States, however, could have used the WTO decision in their favor if the World Trade Organization had not sided with Antigua. In this sense, the WTO decision does have important implications for this case.

The United States new law would be recognized as "legal" by the World Trade Organization only if they remove provisions that make horse racing legal. The WTO ruled this carve out to be "protectionism".

On the surface, the US government might not have much to fear from tiny Antigua imposing sanctions on it (no more bananas maybe, no more sugar cane). In reality, Antigua's power is much greater.

Antigua may seek sanctions in the form of withdrawing intellectual property protection for U.S. trademarks or copyright. Known as ``cross-retaliation,'' such sanctions are legal at the WTO when an economy can't afford to impose sanctions in the form of higher customs duties on goods.

``We're really hoping that as their options run out and the U.S. sees that they can't delay any more, they'll enter into negotiations with us,'' Mark Mendel, chief legal counsel to Antigua said in a telephone interview from the Caribbean.

``The writing is on the wall, and anyone who takes the time to read the report will realize it's not true'' that the ban can be justified on moral grounds, he said.

----

Christopher Costigan, Gambling911.com

Originally published April 1, 2007 12:53 am ET

Greetings!

What are your thoughts on the impact of this on prty, in the short term.......or has the sp already reacted.

Thanks for your comments.
Amar

Small price-changes, as the Market twists about. I'm not convinced PRTY was ever a good value stockat 1++...but it was oversold at c 30p when I bought. Currently (50p) I suppose it depends on "when" you buy - if you are staring at losses, that will make you harden against the Management...who made easy money in the US, although the writiing was on the wall it would stop.
I guess we have to wait and see what profits are being made in Europe (and East) as this will put a floor on the sp. For those about to buy I'd suggest they wait until it becomes clear; IMHO there isn't enough headroom visible to allow any safety-margin. At a buy-in of 30p I can hold-on without worry. If you trade frequently you will make yr broker rich. Better to look for another lowly stock the Market has missed....can't think of any just now, but PRTY is unlikely to give a spectatular gain short-term IMHO starting now at 50p. Furthermore I'm not too happy with their EGM-deal with the Co located in Gibralta....difficult to go round and check...

Bloomsbury looks out of favour and there's a new H-P Book soon! Thats bound to cause excitement - ignore their losses and lack of good Titles - this B-stock is for trading....what do I know? The H-P printers, St Ives(SIV) saw a 50% rise in a few months.....nice when combined with a healthy yield.
I hold PRTY and SIV -both qualify for ISA.

Thanks for your posting hangon.

It would be good to get some dialogue going on this thread.

More points of view very welcome.

Must admit I have traded in / out of this stock, with some success .......... who knows what tomorrow will bring?

Re your comment about 'when you buy', there is also the question of 'how many'.
Which means, if you have a shed load of stock, it's difficult to resist the profit when trhere is positive news and it certainly hurts when the market goes against you.

Would also love to hear from you Janet.

Regards
Amar

I have bought back in at .51.75 30,000 shares today. I am keeping an open mind on this one at the moment. Lets keep our fingers crossed. THere were a lot of buys today when I bought them. Infact after I bouth them them they went up .75 of a penny then they dropped back down. Lets see what tomorrow brings. good luck to all holding.

forgot to say 888 is going up nicely. There could be something boiling up in the gaming sector.

Good to hear from you Janet.

Agreed ........... Good luck to all.

Are you trading / holding?

Cheers
Amar

I will trade if I can make a decent profit.

and if you are running a loss, then what?

sit tight richard

probably the wrong call ...... difficult to do, but i believe the hard-nosed would always say run the profit but cut the loss ..... few of us (self included) are much good at following that wise adage.

I'm guilty of finding that hard to do also.

All gaming stocks down a touch this morning. Let's hope it's just through lack of any news.

Would like to see party hold the 50p level.

Cheers
Amar

Greetings to all holders.

Janet ........ are you still in.

Nice rise over 2 days and still looking strong.

Cheers
Amar

yes I still have the 30,000 not a bad buy at .5172p. Any idea why they are on the up.

Ok I went in at 40.47p, the big question is when should I now come out ??

The news about this guy in US going to try and get the law repealed was headlined yesterday.

Good to hear from you.
Remember to take a profit at some point.

Cheers
Amar

Well done to you too Mengelbretson.

I think a lot depends on how many you bought as well.

A 100k shares will tempt you to cash in more than if you're only holding 10k.

Best of luck.
Amar

while admitting that i will not touch this sector, my strong advice would be to run tight stoplosses for though there have been some good rallies, i really cannot believe that all will be sweetness and light in the foreseeable future.

Fair comment Cynic.

If you are a trader ........... it certainly is a good trading stock.

Amar

Drifted lower this afternoon.

Sold out at a profit.

Cheers
AMAR

someone (amardev?) told me off quite correctly the other day on another thread for being prejudiced against this sector/stock, so decided to take a look ....... the chart below implies that 200 dma (black) is or will prove something of a resistance ..... rsi is also a bit hefty

25 dma (red) at 50 should support, but if both presumptiosn are corrcet that gives very little room for volatility, so no hurry to get in as a trader.

Good to get some dialogue on this thread.

Let's keep it gentlemanly.

Any reason why you chose the 25 dma as opposed to a shorter period.

I'm anticipating a gentle climb upwards.

Cheers
Amar

if there was 20 day, i would use that ..... my guru in these matters tells me 20, 50 and 200 are the key daily averages to watch ..... of course charts are byt no means failsafe, but they do provide some useful guidance in all sorts of ways.

not sure what effect if any next rate hike will have on the market, but i certainly see hurry to get in as yet.

by the way, unlike some, i do not get my rocks off with personal abuse

Thanks!

Hear! Hear!

Amar

Morning all

Lack of any news? ................. causing the stock to drift.

Cheers
Amar

chart tells you plenty ..... markets in general are very weak following release of chinese gdp showing stronger growth than expected = interpreted to mean higher underlying inflation .... markets in general due for correction following 6 from 8 days of gains

Hi all.

I wonder if it will retest the 50 dma.

Cheers
Amar

Not today its not !!

currently tracking in a very narrow band ..... will look at taking a position once it restarts it usual volatility ...... good enough for you amardev ... lol?

I must admit I've been trading in / out of this share for the last 2 months ....and overall, have done very well.

However, I must admit that some weeks it has wrong footed me and I've exited with a loss.

If you had time to watch the screen, yesterday, you could have got in at below 50p and be showing a nice profit this morning. Needless to say, I wasn't around, when the price tumbled.

C'est la vie!

Cheers
Amar

More comments welcome.

to my mind, ranging far too narrowly to make a sensible trading call .... except with hindsight of course!

Well .. a nice up day for party, today.

Have to agree ..... it's becoming increasingly difficult, to tell where it's going next.

Cheers
Amar

you must have better eyesight than me for i perceive nothing at all exciting in today's trading .... in fact just strengthens the dullness of narrow trading band

Hi Cynic

Whilst I do see the narrow trading range ...............

Do you see any reversal of the very short trend and perhaps the price breaking through recent highs?

Cheers
Amar

Good morning Cynic

If you are thinking of getting into Party.

I assume that you are looking for it to trade above the 200 dma.
How long for?
Do you think it's too risky before then?

Any other comment re the chart.

Cheers
Amar

worth keeping an eye on now it has broken 200 dma ..... can it hold there today and/or tomorrow? ..... if so, one could prob justify (rationalise!) a careful flutter

It seems a senator is taking the Unlawful On-line Gambling Bill to Committee tomorrow 26th April to set the repeal process in motion claiming the WTO has judged the law illegal wrt WTO rules. Friday may see further comment and return to democratic processes in USA with laws determined in debate and not sneaked thru by fundamentalist religious fanatics attaching their prejudice to a major necessary and essential legislation.

Thanks alanatml2, but I don't see why the sp fell 10% thursday( today)...is this MM's shaking the tree?....looks a tad rough!
I'm holding.

There is news about gambling in the US. Just heard it in Bloomberg

I take it its bad news then ?? Any more info ??

By William Roberts and Brian Faler
April 26 (Bloomberg) -- Representative Barney Frank,
Democratic chairman of the House Financial Services Committee,
said he will introduce legislation to allow online gambling in
the U.S.
The measure wouldn't directly repeal a ban enacted last
year. Frank said at a press conference that his legislation
would allow Americans to bet online by creating an exemption to
the current ban for operators licensed by the government.
``The existing legislation is an inappropriate interference
on the personal freedom of Americans and this interference
should be undone,'' Frank said in Washington.
Congress passed legislation Sept. 30 that curbs financial
payments from banks to offshore Internet casinos that are
illegal under U.S. law. Sponsored by Representative Jim Leach,
an Iowa Republican who lost a re-election bid in November, the
law is aimed at shutting down the payment system for Internet
gambling.
Internet-based casinos such as PartyGaming Plc and 888
Holdings Plc, operating in locations such as Gibraltar and
Antigua, took in billions from U.S. gamblers.

Another little titbit to add to the pile:

According to casinocitytimes
SOUTH AFRICA As reported by the South Africa Herald: "If you can't beat them, join them . . . or at least regulate them. That is the attitude that the government has adopted towards the rapidly expanding online gambling and online poker industry.
"Having learnt from the United States that outlawing online gambling and online poker does little to solve the problem, the government is now on course to legalise online casinos.
"The SOUTH AFRICA government is expected to publish legislation before the end of the year that will regulate online gambling and online casinos"
More and more countries are deciding to legalize online gambling, latest Poland, Spain, Italy, Singapore, United Kingdom and now South Africa just to mention a few.

Anyone know what time the news hit the market ?

Here is the full version.....

By William Roberts and Brian Faler
April 26 (Bloomberg) -- Representative Barney Frank,
Democratic chairman of the House Financial Services Committee,
said he introduced legislation to allow online gambling in the
U.S.
The measure creates an exemption to a ban enacted last
year. Frank said at a press conference in Washington that his
legislation would allow Americans to bet online with licensed
Internet operators that put in place safeguards against underage
and compulsive gambling and agree to be subject to U.S.
jurisdiction and taxes.
``No member of Congress ought to abrogate to himself or
herself the right to censure the leisure time activities of
other people,'' Frank said.
``The issue here is whether adults who work for their
money, in the comfort of their homes, should be allowed to
engage in a form of recreation which they enjoy and which has no
conceivable negative impact on anybody else,'' Frank said.
The proposed legislation would let the U.S. Treasury
Department set protections against money laundering and fraud.
It bars betting on college and professional sports whose
governing bodies such as the NCAA and NFL don't sanction
gambling.

Financial Payments

Congress passed legislation Sept. 30 that curbs financial
payments from banks to offshore Internet casinos that are
illegal under U.S. law. Sponsored by Representative Jim Leach,
an Iowa Republican who lost a re-election bid in November, the
law is aimed at shutting down the payment system for Internet
gambling.
Internet-based casinos such as PartyGaming Plc and 888
Holdings Plc, operating in locations such as Gibraltar and
Antigua, took in billions from U.S. gamblers.
Frank introduced the bill with Representative Peter King, a
New York Republican, and 10 other co-sponsors. Frank and King
said they expect many other members will come forward to support
the legislation.
``This is a kind of libertarian, let-people-have-fun kind
of thing,'' Frank said.
The ban has ``activated'' online poker players and others
who are lobbying now for a reversal, he said.
The government of Antigua, which is home to dozens of
online gambling operations and has brought a complaint against
the U.S. in the World Trade Organization, praised Frank's
initiative in a written statement.
``While we have not yet seen the legislation,'' said Errol
Cort, Antigua's minister of finance and the economy. ``We are
encouraged that such a prominent legislator in the United States
has stepped forward in support of a rational approach to the
provision of remote gaming services.''


any comments??

Around 2:15pm UK time.

I am not sure how the market will digest this news, but would think it to be seen at the very least as 'Encouraging'................. I will be holding 100k shares for a while yet based on the fact I have already pulled some comfortable profits from PRTY.....................................

so it loses 7.50

MM's its their opportunity for pre-market profits ! The news spells out a way forward and not a way backwards. Do you not think ?

Reasons for today's drop?:

LONDON (Thomson Financial) - Partygaming PLC and other UK gaming stocks were down sharply in trading today after US Congressman Barney Frank introduced legislation that could benefit American gaming companies at the expense of overseas firms.
Frank, chairman of the US House of Representatives' Financial Services Committee, wants to introduce a Bill to lift the American ban on online gambling transactions. The legislation would allow licensed operators to apply for an exemption to the ban providing they have safeguards to stop underage gambling.

Partygaming was down 12.8 pct to 51 pence, while Sportingbet PLC was down 3.24 pct and Global Gaming Technologies PLC fell 5.6 pct. 888 Holdings PLC fell 2.3 pct to 118 pence.

The downturn in UK shares follows recent speculation that prohibitions on online gaming would be eased.

One trader noted that the selling of UK stocks was overdone, as the proposed legislation concerns security controls but does not constitute a comprehensive ban against British internet gaming firms.

but in this particular stock, the chart is not at all encouraging

Greetings all .

The speed roller coaster ride in the sp is making me very indecisive.

When it goes down ....... I think it's going down further .... and when it goes up .....
I don't buy ....... cos I think I've already missed the boat ...... and yet it continues to rise.

It's certainly jangling my thought processes.

More views welcome.

Cheers
Amar

easy .... if in doubt, stay out!

hi there cynic and amar I will tell you my story. Yesterday afternoon when I cam back from work I had a look on the computer at prty. They where showing to buy at .55p so I bought 30,000. A little later I looked again they were all over the place, so I bought another 14,586 at .5425p. At close I was something like 1,650 for the afternoon. They closed at .51p or round abouts. This morning when I had a look they were .49p. so, I bought another 30,000 at .49p. I am now holding 64,586 shares in prty. They now average out at .5248p per share. This is okay now providing they do not take another plunge. I feel okay now with this holding. Now lets hear your stories on this one. Good luck all holding. from jan

I think this latest news will settle with no dramatic effects. The US has cleared the way for the US firms but left out the europeans and others! They could have said the Sept 06' law would stay in place causing all sorts of trouble for all online gambling co's ! The Europeans and the larger online sites will fight for the high value licences in the US and support those applications claiming it is 'unlawful for a US based only system'. (we have McDonalds in Europe, we should be able to trade in the US under the same rules) I will sit tight on my 100k holding and see..........

Or, are there any U.S. companies which PRTY would be able to acquire or merge with to get a foot in the door?

we should do like the french...burn all mcdonalds down..teach the yanks a lesson on fair,free trade

yep great example of free trade that maestro burning all the mcdonalds down..................................... I ask you.

Janet ............ Can't understand why others don't share their stories on this one.......... either they're nursing losses or have made great gains ......... but don't seem to want to share their experiences.
And I thought the bb wasfor doing just that.

Well .... I don't mind.
Over the last 2 months I've had a couple of losing trades ....... overall have made a substantial gain on trading party.

Don't hold any at the moment ............... but that could change Monday morning.

Cheers all
Amar

888 and SBT move north on 666 results but PRTY falls 53 to 48p. Why? PRTY is not on the same planet. MM and D-traders play the moving averages/deviations and any and every excuse is served up for the movements. USA will release (sarcasm for those who can't read between the lines) NETELLER EXECS will be the next rise at the end of MAY! Also worth mentioning is the regular sell off of thousands/millions of shares by the directors. YOYO is an inadequate description for this share.

The AGM is due this week I think so perhaps we will get some stabilising information then!

is alan's post actually in English????? .... could have fooled me!!!!

That could be awkward if alan turns out not to be english! :o)
I think we get the gist.

Ive taken the plunge and made an additional purchase today at 46.985p. Here's to hoping that the rollercoaster decides to go up again over the next few days so I can make a few pennies !!

quite a brave move, but would recommend that you set a target and stick to it

Oh dont worry I have, stop loss at 45p take profit at 52/53p and then review whether to dabble again following that

sensible chap!

I bought in yesterday on the strength of 888 results ............. nursing a loss at the moment ............... when will this turn?

It always appear that after I sell the stock climbs up!!

Cheers
Amar

Well sell then Amar then I can make some money !!! lol

I reckon they will turn upwards again by the end of the week. Suprising thing is that there are more buyers than sellers around for prty at the mo ??

Hi all

I'm begining to take these buy / sell figures with a pinch of salt ................ often I have seen my own trades being shown opposite to what I have done.

I can't help feeling that the mm's do it deliberatly, to make it more difficult for us, to second guess what's really happening.

Janet ...... how are you doing?

Good luck to all holders
Amar

I am on a big loss at the moment. It is good time for you to buy. I would have topped up again yesterday. If I had some spare cash. They will prob. be on the way back up again today. Does anyone know why 888 and sbt have not fallen in line with prty. Prty was .60p a week ago, now they are .46p. good luck all and keep breathing.

Keep away...profit warning out today. There will be more to come as more legislation in place. Will head towards 30p


Severe profit warning from PartyGaming
MoneyAM

PartyGaming warned that underlying profits for the current year will be well below current market forecasts due to higher than expected distribution costs.

The company reported first quarter group revenue rose 26% to $94.8m.

It said the rise in distribution costs was related to a 117% surge in player sign-ups for 'real money' gaming to 233,900, which was substantially ahead of expectations.

For the first quarter, it said its active player days rose 129% to 7.1 mln from a year ago.

However, the online gaming company said it was comfortable with current full-year market forecasts for revenue. The higher numbers of active players and new player sign-ups achieved in the year to-date is expected to benefit future performance.

janetbennison - that has to be the worst call of all time!!

stay away from this one is my advice.

Morning all ..............

Have to admit ........exited this morning ................ suffered a loss on this last trade.

Cheers
Amar

Daniel Stewart downgrade from 50p to 38p

Morning all

Are there any brave buyers amongst us this morning?

Cheers
Amar

Brave or suicidal???
With a broker downgrade & probably a day of profit taking on other stocks, I can't see any reason to buy this unless you are going short.

see post 151 for useful chart, though the chart itself is pretty bleak having dismally failed at 200 and now fallen decisively through 25 + 50

Thanks for your thoughts ............ can't really argue with you.

Cheers
Amar

The ship has steadied a bit this morning and we are back in the blue which is good, there is still hope for this stock.
You do wonder being at a bit of a low ebb and with 888 annoucing that they are looking to make an acquisition whether partygaming could be a potential target ???

to continue being boorish! ..... this sector is unstable and unpredictable as everything is totally dependent upon what US is really going to do .... meanwhile, sp gyrates wildly on the slightest whiff of a rumour which is then proven inaccurate or even downright rubbish .... imo, this whole sector is for masochists and lunatics only

That's a bit harsh, cynic. I fall in to both categories, having SBT & 888. PRTY has always been too volatile for me. Ah well, might spend some of my past profits from gaming stocks on some therapy if you think that's what's needed! :o)

never been known to mince my words Harry .... would hate anyone to think i meant other than what intended!

why dont you set a buy order in at say 2-3p below the current price - then if it dips during the day you can usually pick up the share cheap and sell at a profit later in the day?? daytrading works.....

LONDON (Thomson Financial) - "PartyGaming PLC, the world's biggest online gaming firm, has held discussions with the US Department of Justice (DoJ) as it seeks clarity on retrospective legal action being taken against the industry.
The Gibraltar-based group said it initiated the talks in response to actions taken by law enforcement agencies against other internet gambling companies which had US-facing operations before the enactment of the Unlawful Internet Gambling Enforcement Act (UIGEA) in October last year.

It believes these have created uncertainty as to what actions the US justice authorities could take against other industry participants. Sources familiar with the matter told Thomson Financial News the pre-emptive move was motivated by a desire to remove that uncertainty.
PartyGaming admitted it is too early to assess the likely outcome of the discussions, however, adding that a further announcement will be made if and when appropriate.

The company is also voluntarily responding to a request for information issued by the Attorney's Office for the Southern District of New York.

The UIGEA effectively banned online gambling in the US and PartyGaming, which had derived around 75 pct of its revenues from the US, was forced to stop customers in the US from planning or making deposits on any of its sites.

James Hollins, an analyst at broker Daniel Stewart, said he believes this is 'the most sensible route for operators that used to offer their services into the US, essentially working with the authorities to hopefully draw a line under any potential ongoing litigation'.
But he added that the very mention of PartyGaming and the DoJ in the same press release is 'likely to spook the market'.
However, that was not reflected in the share price which was unchanged at 41-1/2 pence at midday. Rival 888 Holdings PLC was down a 1/4 at 115-1/2.

Hollins believes there is only limited ongoing US regulatory risk and said successful negotiations with the DoJ could underpin support for the stock.

Daniel Stewart is keeping a 'hold' recommendation and 38 pence price target on the stock.

Meanwhile, Numis analyst Richard Carter said he viewed today's announcement as a positive move for PartyGaming and its peer group.

'Although it is too early to assess the outcome of these discussions, our intelligence tells us that there now appears a willingness on behalf of the US Attorney's Office to settle and draw a line under the uncertainty caused by recent DoJ actions,' he said.

Numis has a 'hold' recommendation on PartyGaming and a 42 pence price target. 888, on which it has a 'buy' recommendation and 172 pence price target, remains its key pick in the sector.

Last month, BetOnSports PLC pleaded guilty to federal racketeering charges accepting that it had committed 'repeated mail and wire fraud, operated an illegal gambling business, laundered money and admitted to multiple state gambling felony charges'.

The majority of BetonSports' revenues had come from the US. The company is now in the process of filing for bankruptcy.

BetOnSports founder Stephen Kaplan and chief executive David Carruthers, a former Ladbrokes PLC executive, remain under arrest and the plea deal will not end their prosecution.

In March, Sportingbet PLC said it had reached an 'amicable' resolution with authorities in Louisiana and that warrants for the arrest of its former chairman Peter Dicks and other executives had been dropped.

The industry is still holding out hope that the US Congress could reverse the legislation.

Barney Frank, the Democratic chairman of the House financial services committee, remains committed to overturning the UIGEA but conceded recently that the move lacked support among lawmakers.

PartyGaming refused to comment further on today's statement".

Online Gambling Industry Could See Relief with Suit Against Gonzales
The online gambling industry could see some much needed relief with the announcement that an independent group is seeking judgment restraining the United States from enforcing the "Unlawful Internet Gambling Enforcement Act of 2006" (UIGEA). The current law prevents U.S. credit-card companies and banks from processing payments to online gambling businesses.

Gambling911.com first reported that The Interactive Media Entertainment & Gaming Association (iMEGA) filed the request Tuesday.

"There is something brewing in the online gambling industry that will be very positive for everyone," said one respective industry expert and now we learn what that positive development is.

The suit filed today in U.S. District Court outlined how the Unlawful
Internet Gambling Enforcement Act infringes upon basic constitutional
rights and sets a dangerous precedent for I-commerce by criminalizing
the transmission of money if the end result is illegal in some
unspecified place. The injunction, if granted, will prevent the
government from enforcing the UIGEA and pave the way for Internet
gambling to resume pending further order of the court.

"The purpose of the Unlawful Internet Gambling Enforcement Act is to
prevent Americans from engaging in their fundamental rights to conduct
their lives in the manner they wish to live it - to be free from the
government imposing public morality in the privacy of one's home", says
Eric M. Bernstein, Esq., attorney for iMEGA.

The lawsuit also seeks to stop the enforcement of the UIGEA based on the
recent ruling of the World Trade Organization in a final appeal which
found the United States in contempt of treaty obligations regarding
Internet gambling. Washington spokesmen recently said the United States
would not appeal the ruling in favor of Antigua and Barbuda, the
Caribbean nation which won the WTO challenge against the US and one
nation where Internet gambling is legal. Instead, Washington says, the
US will try to modify its treaty obligation to eliminate Internet
gambling. The WTO ruling permits sanctions to be imposed against the
US.

----

Christopher Costigan, Gambling911.com

Originally published June 5, 2007 5:00 pm ET

Anyone know of anything in this sector ? All seems to have gone quiet!

prob just lots of people who fstupidly ollowed the false messiah(s) about how this and other gaming stopcks would be rocketing back upwards and are now quietly crying in the corner

Am sitting tight on SBT & 888 as they offer some kind of potential in takeover & growth. PRTY does not offer anything at the moment imo.

Hi cynic,

i wounder if you can advice me . i am new to the sheare dealing world and i have made few investments including PRTY, which has cost me. what do i need to look for before buying shares. At the moment i buy based on hunch. Help


onireke

a direct line to God is always useful!

i am certainly no whizz and have no pretence to same, so i read here, "talk" to a few here whom i trust, talk to my broker who often has some very good advice, read some of the biz pages and mags, look at charts to gauge momentum (very important to my mind) ..... and finally keep my fingers crossed that i don't drop too many clangers and cut losses prudently.

Edited MoneyAM

tcdmt .... you are a truly pathetic piece of human detritus ...... if your limited intellect is incapable of generating a better way of expressing yourself, i suggest you take a course in english or, better still, confine yourself to advfn or similar, where others of your ilk seem to reside.

OH big words from a little man.

Well, there's a thing, read through a few threads and up pops a tcdmct low life; over the years we have all seen the usual spats and insults thrown around, but the remarks re Cynic's daughter are beyond anything a half decent person would post.

tcdmct, the only little man on this thread is you, little brain and little sense of decency, do us all a favour and fcuk off!

PT .... he is merely beneath contempt or, as the americans put it so well for a change, lower than a snake's belly .... worry not on my behalf

Eidted MoneyAM

PT .... ignore the petulant child ..... truly pathetically tragic

cynic

If he wasn't so obnoxious he would be quite amusing. Grammar and spelling is indicative of his rather challenged grey cell.

'Loss teeth' - 'there advice'

Lol

I doubt he will be with us much longer, bye bye

edited MoneyAM

The Party Back On For Partygamings US Arm?
By Miriam Habtesellasie
According to reports on gambling news site online-casinos.com the motives behind Partygamings recent talks with US authorities may be connected to a possible re-entrance of the casino giant into the American market.




The company had instigated talks to clarify the US governments exact position on the Unlawful Internet Gambling Enforcement Act (UIGEA), an act that was passed in October 2006, prohibiting the transfer of funds from a financial institution to an Internet gambling site, and resulted in Partygamings withdrawal from the US and subsequent revenuelosses.





To clamber back from this weak position business analysts have speculated that if Partygaming succeeds in clearing itself of illegality prior to the UIGEA, it would significantly boost its M&A (mergers and acquisitions) appeal as a potential candidate for leading American gambling companies who want to make their first foray into the online gambling industry. Some of this speculation has come from sources such as Deutsche Bank, which highlighted the fact that Party Gaming signified an 'easily palatable bolt-on' given current share pricing, and assuming talks with US Department of Justice reach a positive conclusion.

some posts have been removed from this thread as they are in breach of our standards code.

can't possibly imagine what you may have removed Ian!!! ..... many thanks, even if not at my instigation

looks like good news on way . read it here first,

Anyone know of timescales for these talks ?

obvioulsy not today as the sp has gone south yet again !!

Oh those days a few months ago at 60p seem so far away

Greetings all.

Lost a bundle on my last trade in these..........

Are there any traders out there tempted to get back in at these levels? ...... I certainly am.

All views welcome.

Cheers
Amar

I just did 9k today..........giving away previous profits......... Can't see any news soon on this one so have topped up with a ton of HAWK

PartyGaming Plc
02 July 2007



2 July 2007



PartyGaming Plc
(The 'Company')


Pre-close trading update


PartyGaming Plc, the world's leading listed online gaming company announces that
the Group's financial performance in the second quarter has been in line with
management's expectations and while the important fourth quarter period lies
ahead, the Group remains confident about the prospects for the full year.


The Group's interim results will be announced on 29 August 2007.




Contacts:

PartyGaming Plc +44 (0) 20 7337 0100
Peter Reynolds, Director of Investor Relations
John Shepherd, Director of Corporate Communications

Financial Dynamics +44 (0) 20 7831 3113
Edward Bridges / Juliet Clarke




This information is provided by RNS
The company news service from the London Stock Exchange

above statement will not get anyone's blood racing! ..... my guess is that sp will resume its downward track

and even more likely since GB's announcement re super-casinos this afternoon

3 weeks to go until the interim results are revealed. Might be a little movement in the sp in the run-up. Now that the U.S. is factored out, I would expect the revenue stream to be pretty steady.

Hi all

Return of some good volume today ............ I'm looking for a breakout ........ hopefully to the upside.

More thughts welcome
Cheers

stay away is my constant thought!

ladbrokes smash analyst expectations..big blue day!

just two weeks 2 go and I have the sp down to 25p. I know this has been asked before but I thought I better ask again, "Anyone tempted to get in at THIS price?"
Looks tempting ..... (lost a packet on it for the record).

you are joking of course! ..... even blue chips are being pasted, so why on earth would you want to throw more money at this load of rubbish and shares of similar ilk at this time?

I wasn't joking. Advice taken.

thank goodness for that!

There is a filip on the sp today (and yesterday).... does the market know something about the upcoming results ? I have volumes of 14m on 479 trades already, and that is un-usual. see RNS below
................................

PartyGaming Plc
21 August 2007

21 August 2007



PartyGaming Plc

Interim Results - Wednesday 29 August 2007

Analyst meeting, webcast and conference call details


PartyGaming Plc, the world's leading listed online gaming company, will announce
its interim results for the six months ended 30 June 2007 on Wednesday 29 August
2007. The Group will be hosting an analyst meeting for invited UK-based
analysts on the day of the results and there will be a simultaneous webcast and
dial-in broadcast of the meeting. To register for the live webcast, please
pre-register for access by visiting the Group website (www.partygaming.com).
Details for the dial-in facility are given below. A copy of the webcast and
slide presentation given at the meeting will be available on the Group's website
later on the day.

...................

still ticking up, L2 now 26.25 - 26.50 on volumes of 20m on 671 trades. I must say this is UN-UNUSUAL, or is it just following the market ....... (DYOR)

Good to hear from other traders.

The fact that it ended the day .. where it started........ has really confused me.

I was looking for an uptrend ............ as I have been wrong footed with this one in the past.

Cheers
Amar

DYOR - you probably then found there not to be an up-trend .... still, I have it close on volume of 48m (UN-USUAL FOR PRTY!) which makes for an interesting 2moro (unless of-course you got in at the top end) -- DYOR

EDIT - a picture is worth a thousand words(or some thing like that) - closed with a gap down, I bet it opens with a GAP-UP! - The last reported price was the auction trade denoted as UT @ 24.75 - just look at the SPs before and after that trade ....

I hope you all managed to get in here early enough ... I still think there is a way to go in the short term so you can still choose your entry point. (DYOR)!

Could some-one please have a look at the TA for this? PT, cynic et al ..... Where is it going to end?
Some brokers have it at 42 (see below) which they always have upward, but then again, is there any chance of this happening in the short term?

..........................

Numis has a buy rating on PartyGaming and a 42-pence target price.

.........................

Good citywire piece here and a huge amount of research for those who trade in online stocks such as PRTY, 888, 32Red, NLR etc.

http://www.netbetblog.com/2007/09/gaming-stocks-and-partygaming-citywire.html

nteresting article from the CFD trader. Partygaming is singled out as a "buy".

Here is the information specific to PRTY.

The CFDealer: Betting on gaming stocks

One area that has caught my eye in the recent market turmoil is the gaming sector. Stocks like Neteller (NLR), Sporting Bet (SBT), 888 (888) and PartyGaming (PRTY) have held up pretty well in light of the recent volatility and in turn the shares have recovered strongly since the market bottomed in August.

A stock that has caught my attention is PartyGaming. The company suffered a huge hit last year when the US banned online gaming companies from operating there. The shares were as high as 180p in August 2005 and post ban it sits at around 28.5p.

The all-time low is 22p, so Im picking this out as a potential recovery play, not to the dizzy heights we witnessed in 2005, but maybe close to the levels we saw earlier this year i.e. 50p to 60p potentially over the next three to six months.

Part of the thought process behind the recovery is a bet on my part that the US could repeal its punitive stance on online gambling.

Controversial US Congressman Barney Frank, among others, has developed a growing lobby group pressuring the US government to restore citizens rights to pursue online gambling, while placing safeguards to protect consumers and ensure the integrity of financial transactions.

If Frank and his cohorts succeed in compromising the governments current stance, the whole online gaming sector could take off and potentially put it in the spotlight for corporate activity: MGM Mirage and Las Vegas Sands have publicly expressed an interest in online gaming if efforts to regulate the industry are successful.

PartyGaming recently issued an interim statement showing a pre-tax loss of $47.1 million (20.8 million) against a pre-tax profit of $320 million (158.4 million) for the comparable period last year. The US pull-out can be attributed to this dramatic turnaround.

The company has made a huge effort in cross-selling its services, increasing casino business turnover by more than 200%. Poker is still its biggest pull, accounting for almost two-thirds of its revenue. PartyGaming also launched a bingo website yesterday and might even give IG Index a run for its money with PartyGamings reinvigorated sports website.

Analysts have pencilled in 1p a share in earnings for 2008 and 1.72p for 2009. This places PartyGaming on a price to earnings ratio of 16.5 for 2009 with a price to earnings growth ratio (PEG) of just 0.22 for 2008-2009, suggesting significant upside if the company can deliver on its results and maintain double-digit earnings growth.

Long positions should be considered at market with a stop-loss based on a close below 24p and an initial target of 34p.