888 or Partygaming

As far as I can see these two are the biggest in online gambling. But wich do you favour the most and why? I have hedged my bets and bought in to both... feeling that PRTY is too dependant on US customers, and could suffer another collapse like in late '05. I have done well on both though... look forward to your views

888 results where out and they were ok, this may have lead to some profit taking. With Party just about to appoint a new chief executive and with the US seeming to begin to relax its internet regulations this can only be good news for Party who have a more global appeal

Please note the exceptionally huge buys gone through at the close of the day. Circa 5.5 Mil.

Anyone know the latest regarding the proposed US legislation?

another end of day very large buy circa 500 000 shares.

IMHO, caution is required with this share. One should question, why 2 of the directors/owners of this company are selling their shares? They are placing this at 125p and with the US gaming laws still a big issue, I think the SP will drift even lower than 116p today. This is my opinion. Any other views?

The directors' placing needs to be put into perspective, as this article demonstrates. The founders have sold 5% (well, three of them anyway) and sufficient funds were made available to buy them at 116p.

The overall market is looking sick with Dow going below 11,000, so you shouldn't get too uptight. The US legislation is still way short of being made law and what will they do if it is? Jail 100 million Americans?

There are far more non-Americans playing poker online and are free to do so.

Thursday June 8 2006. By Matthew Garrahan, Leisure Industries Correspondent

The sale of 350m shares in PartyGaming on behalf of the group's four millionaire founders ran into trouble when only 200m shares were placed with investors.

PartyGaming shares fell 4p yesterday to close at 117p.

The founders had submitted themselves to a "lock-in" under which they agreed not to sell any stock for a period that would have expired in four weeks.

Having been allowed to waive that agreement by PartyGaming's broker, they have agreed to a new lock-in that lasts until the beginning of September, when the group reports interim results.