This one hit the markets running today. Despite negative publicity it was well supported so I jumped in for a small holding--anyone else joining in?? I am hoping for a good run up before the shorters get going.

Peter123, I am a holder and got in after seeing the GS broker forecast this week.

More broker news.

Back in the top flight, volatile online poker giant PartyGaming reversed an earlier decline, to trade at the top after Citigroup Smith Barney stuck with its 'buy' stance.

The broker also slapped a price target of 160p on PartyGaming, arguing that while its business model should be sustainable the modest pick up in growth expected in September is unlikely to restore confidence.

scottru - thanks for the diary date duly noted.
:>)

Dow Jones Newswire snippet.

0911 GMT [Dow Jones] BETonSPORTS (BSS.LN) has been "unfairly caught up in the current poker crossfire caused by PartyGaming's (PRTY.LN) September profit warning and this has masked the turnaround in the group's trading fortunes", says Numis. The group's recent 1H results were in line with market expectations and the outlook statement pointed to a strong rebound for profits in 2H 06 and FY 07. With forecast earnings growth of 72% over the next two years and a strong probability of upgrades both this year and next, Numis reaffirms its buy rating and 225p target, giving 60% upside. BETonSPORTS -0.7% at 138p. (LEV)

The 3rd Quarter figures with be out in the fortnight according to the Guardian.

Peter123,

Yes, I have also heard that something will be posted by end of October.

skids

Guys I am out. Sold at a loss!!

Well don't blame you and ok it was at a loss, but think of it as damage limitation
I hope they don't crash further - os I'm still in! - but if they do, you've not
lost what you could have done.
In short move on Peter
:>)

I'm still in, but now holding a loss. Holding out for the 3rd qtr update....

Guys, I sold at a massive loss. The 3rd quarter figures will be out on 21 October 2005. With the online gambling sector looking vulnerable, I am not going to take any more risks. Since they announced the growth was moderating it has been a down hill struggle. They should have phrased it better. Good luck to all Party holders!!!

this looks like 30p to me

Hursheel we thank you greatly for your humour...............
and hope your wisdom is as sharp.
;>)

Been following these myself today, was getting a bit nervous, every time I checked trades they seemed to show they were starting to turn. (I do hope so as I am holding a small loss).
Did note that from 4.29pm & 5.00pm today their were 2.9 million share sales & 16 million buys. Is this the bottom ?
Will Sportingbet results give the sector a kick in the right direction on wednesday ?

I am hold from 1.30p, now 0.80p a share. Will be up again, but need so much time.
I hope.

Rather uncomplementary views written by two funds manager in the Sunday Times judgement day article

I am a hungarian in Hungary. Cant read Sunday Times.

cinedog

can read it anywhere in the world on the net if you can read english

http://www.timesonline.co.uk/newspaper/0,,2769-1827335,00.html

Thank you!
I still hold a long from 1.28pounds

I have been stopped out of PRTY in Isa. at 88.36 and 89.08. The SP has dropped but the B/S 12/5 on large volumes.

Has there been a large undisclosed sell.

Anybody know does Level 2 show any reasons.

Bloody annoying, MMS has had some of my previous profit.

Empire under pressure as PartyGaming buys partners

Nils Pratley
Saturday November 12, 2005
The Guardian

PartyGaming yesterday put the penultimate touch to the overhaul of its relationships with so-called "skin" operators, buying two of its partners and severing its links with a third.
The deals were seen as a further alarming development for Empire Online, the fourth and largest skin operator. PartyGaming made a bid approach for Empire a week ago, but the potential target's share price has fallen 20% since then, reducing the company's market value to 260m. Analysts calculate that Empire's negotiating power in the talks is being eroded by the break-up of PartyGaming's skin network.

Skin operators work by recruiting online gamblers and directing them to the websites of actual operators, such as PartyGaming, owner of Party Poker, the world's biggest poker site. In exchange, the skins collect a slice of the profits generated by the online players.
However, PartyGaming undermined the economics of skin operators' businesses in September by switching its own directly recruited players to a superior operating platform. The skin players were left to play among themselves on an inferior version of the Party Poker site. Many are thought simply to have re-registered directly with Party Poker's new platform, thereby removing the commissions they were generating for the skins.

PartyGaming is buying MultiPoker, which has 255,000 registered players, mainly in Scandinavia, for $14.5m (8.3m) in cash. It will also pay about $4m for another privately owned skin, Intertops Poker, though its owners may continue to recruit players for Party Poker by working as commission-based affiliates.

Coral Eurobet, which is owned by casino group Gala, has decided to end its relationship with PartyGaming. It was Party Poker's second largest skin operator and clearly feels there is no future in trying to work within the new structure.

Yesterday's move leaves only the relationship with Empire Online, the largest skin contributor to Party Poker, to be resolved.

Robin Chhabra, of Evolution Securities, argued that yesterday's deals only strengthened PartyGaming's hand in the takeover negotiations.

"PartyGaming is using this to further squeeze down the price it pays for Empire - that's if it bothers at all," he said. "They're just deciding now if they're going to squeeze it and then buy it, or just kill it."

PartyGaming said its analysis of Empire's business would be thorough. "We are dotting all the i's and crossing all the t's and we will look under the floorboards to see if there is any dry rot there," its spokesman said.